GAMMA Investing LLC Buys 80,315 Shares of Enpro Inc. (NYSE:NPO)

GAMMA Investing LLC raised its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 31,373.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,571 shares of the industrial products company's stock after purchasing an additional 80,315 shares during the period. GAMMA Investing LLC owned 0.38% of Enpro worth $13,036,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NPO. Capital World Investors bought a new position in Enpro during the fourth quarter valued at approximately $108,825,000. Bamco Inc. NY bought a new position in shares of Enpro during the 4th quarter valued at $24,208,000. Neuberger Berman Group LLC raised its holdings in shares of Enpro by 23.2% during the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock valued at $92,719,000 after purchasing an additional 101,257 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Enpro in the 4th quarter valued at $11,067,000. Finally, Capital International Investors boosted its holdings in 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 purchasing an additional 60,998 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Performance

Shares of NYSE:NPO traded down $1.32 during midday trading on Tuesday, hitting $190.00. The company's 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 quick ratio of 2.00 and a current ratio of 2.59. The stock's 50 day simple moving average is $165.52 and its 200 day simple moving average is $175.08. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 54.91 and a beta of 1.59. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $214.58.

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

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.65%. Enpro's payout ratio is 30.85%.

Analysts Set New Price Targets

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