Congress Asset Management Co. Boosts Holdings in Enpro Inc. (NYSE:NPO)

Congress Asset Management Co. lifted its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 8.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 338,764 shares of the industrial products company's stock after purchasing an additional 25,005 shares during the quarter. Congress Asset Management Co. owned about 1.61% of Enpro worth $54,809,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital World Investors acquired a new stake in shares of Enpro during the 4th quarter valued at approximately $108,825,000. Bamco Inc. NY purchased a new stake in shares of Enpro during the fourth quarter valued at $24,208,000. Neuberger Berman Group LLC lifted its stake in Enpro by 23.2% in the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock worth $92,719,000 after acquiring an additional 101,257 shares in the last quarter. GAMMA Investing LLC lifted its stake in Enpro by 31,373.0% in the 1st quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company's stock worth $13,036,000 after acquiring an additional 80,315 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Enpro in the 4th quarter worth about $11,067,000. Hedge funds and other institutional investors own 98.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NPO. KeyCorp reiterated an "overweight" rating on shares of Enpro in a report on Tuesday. Sidoti raised Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th.

Enpro Price Performance

Enpro stock opened at $192.69 on Friday. The firm has a market cap of $4.05 billion, a P/E ratio of 55.69 and a beta of 1.59. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $214.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The business's fifty day moving average is $164.18 and its two-hundred day moving average is $174.96.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 earnings per share. Equities research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a yield of 0.64%. Enpro's dividend payout ratio is presently 30.85%.

Enpro Profile

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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