GAMMA Investing LLC Boosts Holdings in Enpro Inc. (NYSE:NPO)

GAMMA Investing LLC boosted its stake in Enpro Inc. (NYSE:NPO - Free Report) by 31,373.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,571 shares of the industrial products company's stock after buying an additional 80,315 shares during the period. GAMMA Investing LLC owned 0.38% of Enpro worth $13,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NPO. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Enpro by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock valued at $1,310,000 after purchasing an additional 84 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Enpro by 3.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,311 shares of the industrial products company's stock valued at $1,433,000 after acquiring an additional 280 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Enpro during the fourth quarter valued at approximately $3,139,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Enpro by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,744 shares of the industrial products company's stock valued at $10,130,000 after acquiring an additional 9,058 shares in the last quarter. Finally, Redwood Investments LLC increased its position in shares of Enpro by 30.4% during the fourth quarter. Redwood Investments LLC now owns 10,525 shares of the industrial products company's stock valued at $1,815,000 after acquiring an additional 2,456 shares in the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Price Performance

Shares of Enpro stock traded up $3.27 during trading hours on Friday, reaching $192.69. The company's stock had a trading volume of 107,117 shares, compared to its average volume of 115,436. The firm has a 50 day moving average price of $164.18 and a 200-day moving average price of $174.96. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. 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 stock has a market cap of $4.05 billion, a P/E ratio of 55.69 and a beta of 1.59.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.57 by $0.33. The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS. On average, analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 yield of 0.64%. Enpro's payout ratio is 30.85%.

Analyst Ratings Changes

Several brokerages recently weighed in on NPO. KeyCorp reissued an "overweight" rating on shares of Enpro in a research report on Tuesday. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research note 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.