Aberdeen Group plc grew its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 164,437 shares of the industrial products company's stock after purchasing an additional 17,772 shares during the quarter. Aberdeen Group plc owned 0.78% of Enpro worth $26,604,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of NPO. Opal Wealth Advisors LLC acquired a new position in shares of Enpro during the 1st quarter valued at $32,000. Canada Pension Plan Investment Board acquired a new position in shares of Enpro during the 4th quarter valued at $69,000. GAMMA Investing LLC boosted its stake in shares of Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock worth $81,000 after acquiring an additional 242 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Enpro by 786.6% in the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after acquiring an additional 527 shares during the last quarter. Finally, Vista Finance LLC grew its holdings in shares of Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after acquiring an additional 83 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on NPO. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Oppenheimer lifted their target price on Enpro from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Sidoti upgraded Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, KeyCorp lifted their target price on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th.
Read Our Latest Research Report on NPO
Enpro Stock Performance
Shares of Enpro stock opened at $222.80 on Monday. The stock has a market cap of $4.69 billion, a PE ratio of 55.70, a price-to-earnings-growth ratio of 2.23 and a beta of 1.62. The business has a fifty day simple moving average of $203.28 and a 200-day simple moving average of $183.32. The company has a quick ratio of 1.65, a current ratio of 2.49 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 $231.94.
Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.05). The business had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $2.08 EPS. On average, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.
Enpro Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro's dividend payout ratio (DPR) is 31.00%.
Enpro Company Profile
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Free Report)
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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