Enpro Inc. (NYSE:NPO) is Tributary Capital Management LLC's 3rd Largest Position

Tributary Capital Management LLC lessened its position in Enpro Inc. (NYSE:NPO - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 179,302 shares of the industrial products company's stock after selling 6,007 shares during the period. Enpro comprises 2.5% of Tributary Capital Management LLC's portfolio, making the stock its 3rd largest holding. Tributary Capital Management LLC owned about 0.85% of Enpro worth $29,009,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Enpro by 94.5% during the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 242 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Enpro by 2.6% during the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock valued at $16,917,000 after purchasing an additional 2,691 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Enpro by 4.2% during the fourth quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock valued at $7,663,000 after purchasing an additional 1,788 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Enpro during the first quarter valued at approximately $1,720,000. Finally, Man Group plc purchased a new position in shares of Enpro during the fourth quarter valued at approximately $488,000. Institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

NPO stock traded down $1.51 during midday trading on Friday, reaching $204.28. 71,453 shares of the company's stock traded hands, compared to its average volume of 119,401. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The stock has a market cap of $4.30 billion, a P/E ratio of 50.82 and a beta of 1.57. The company has a current ratio of 2.95, a quick ratio of 2.21 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average is $190.02 and its 200 day moving average is $177.08.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.33. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The business had revenue of $273.20 million during the quarter, compared to analysts' expectations of $266.23 million. During the same period in the prior year, the company earned $1.57 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.61%. Enpro's dividend payout ratio (DPR) is presently 30.85%.

Analyst Ratings Changes

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

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.