Impax Asset Management Group plc Trims Holdings in Enpro Inc. (NYSE:NPO)

Impax Asset Management Group plc reduced its stake in Enpro Inc. (NYSE:NPO - Free Report) by 31.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,000 shares of the industrial products company's stock after selling 22,000 shares during the period. Impax Asset Management Group plc owned about 0.23% of Enpro worth $7,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NPO. GAMMA Investing LLC increased its stake in shares of Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 242 shares in the last quarter. Sei Investments Co. grew its position in 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 acquiring an additional 1,788 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Enpro during the first quarter valued at approximately $1,720,000. Man Group plc purchased a new stake in shares of Enpro during the fourth quarter valued at approximately $488,000. Finally, Bank of Montreal Can lifted its stake in Enpro by 9.5% in the fourth quarter. Bank of Montreal Can now owns 2,975 shares of the industrial products company's stock worth $513,000 after acquiring an additional 257 shares during the period. Institutional investors own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

NPO has been the subject of several recent analyst reports. KeyCorp reaffirmed 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 Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th.

Enpro Stock Up 0.3%

NYSE NPO traded up $0.54 during trading on Wednesday, reaching $200.29. 36,889 shares of the company's stock traded hands, compared to its average volume of 118,650. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.95 and a quick ratio of 2.21. The company's 50 day simple moving average is $184.20 and its two-hundred day simple moving average is $175.65. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 49.82 and a beta of 1.57.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. As a group, sell-side analysts forecast 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 was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Wednesday, June 4th. Enpro's dividend payout ratio (DPR) is 30.85%.

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.