Congress Asset Management Co. Raises Stake in Enpro Inc. (NYSE:NPO)

Congress Asset Management Co. increased its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,764 shares of the industrial products company's stock after acquiring 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 Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Enpro by 6.8% in the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock worth $166,323,000 after buying an additional 60,998 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Enpro by 4.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock valued at $163,947,000 after purchasing an additional 36,501 shares in the last quarter. Invesco Ltd. lifted its position in Enpro by 1.1% during the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock valued at $123,725,000 after acquiring an additional 7,911 shares during the last quarter. Capital World Investors acquired a new stake in shares of Enpro during the fourth quarter worth $108,825,000. Finally, Neuberger Berman Group LLC increased its holdings 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 buying an additional 101,257 shares during the period. Institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

Shares of NYSE NPO traded down $1.32 during trading hours on Tuesday, reaching $190.00. The stock had a trading volume of 147,757 shares, compared to its average volume of 116,041. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 54.91 and a beta of 1.59. The business's fifty day moving average is $165.52 and its two-hundred day moving average is $175.08. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58.

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

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.65%. Enpro's dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp reissued an "overweight" rating on shares of Enpro in a research report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

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.