Caitong International Asset Management Co. Ltd Invests $309,000 in Enpro Inc. (NYSE:NPO)

Key Points

• Caitong International Asset Management Co. Ltd has invested approximately $309,000 in Enpro Inc., acquiring 1,911 shares during the first quarter of the year.
• Enpro Inc. received multiple upgrades from analysts, with Oppenheimer and KeyCorp increasing their price targets to $240.00, indicating an optimistic outlook for the stock.
• The company announced a quarterly dividend of $0.31 per share, leading to an annualized yield of 0.5%, reflecting a payout ratio of 31%.

Caitong International Asset Management Co. Ltd acquired a new stake in Enpro Inc. (NYSE:NPO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,911 shares of the industrial products company's stock, valued at approximately $309,000.

Several other institutional investors also recently modified their holdings of the business. Capital International Investors boosted its holdings in Enpro by 6.8% during the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock worth $166,323,000 after acquiring an additional 60,998 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Enpro by 4.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock worth $163,947,000 after purchasing an additional 36,501 shares in the last quarter. Capital World Investors bought a new position in shares of Enpro during the fourth quarter valued at $108,825,000. Congress Asset Management Co. boosted its position in Enpro by 8.0% in the first quarter. Congress Asset Management Co. now owns 338,764 shares of the industrial products company's stock worth $54,809,000 after purchasing an additional 25,005 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Enpro by 20.8% during the 4th quarter. Northern Trust Corp now owns 268,542 shares of the industrial products company's stock valued at $46,310,000 after acquiring an additional 46,191 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Sidoti upgraded Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Oppenheimer increased their price target on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. KeyCorp raised their target price on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd.

Enpro Stock Performance

Shares of NPO opened at $227.76 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $229.54. The stock has a market capitalization of $4.79 billion, a P/E ratio of 56.94, a price-to-earnings-growth ratio of 2.18 and a beta of 1.62. The firm's fifty day simple moving average is $201.11 and its two-hundred day simple moving average is $182.39.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The company had revenue of $288.10 million for the quarter, compared to analysts' expectations of $283.83 million. During the same period in the previous year, the firm earned $2.08 earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a yield of 0.5%. Enpro's payout ratio is presently 31.00%.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.

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