Enpro Inc. (NYSE:NPO) Holdings Lowered by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its position in Enpro Inc. (NYSE:NPO - Free Report) by 31.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,000 shares of the industrial products company's stock after selling 22,000 shares during the quarter. Impax Asset Management Group plc owned approximately 0.23% of Enpro worth $7,766,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NPO. Opal Wealth Advisors LLC purchased a new position in Enpro in the first quarter valued at $32,000. OFI Invest Asset Management acquired a new stake in Enpro during the fourth quarter worth approximately $60,000. Canada Pension Plan Investment Board purchased a new stake in shares of Enpro during the 4th quarter worth approximately $69,000. GAMMA Investing LLC grew its position 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 buying an additional 242 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in Enpro by 786.6% during 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 in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. KeyCorp reiterated an "overweight" rating on shares of Enpro in a research note on Tuesday, June 3rd. Finally, Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd.

Enpro Stock Performance

Shares of NPO stock traded down $4.40 during midday trading on Monday, hitting $198.89. The company had a trading volume of 115,904 shares, compared to its average volume of 118,433. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 49.48 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.95 and a quick ratio of 2.21. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The company's 50 day simple moving average is $183.24 and its 200 day simple moving average is $175.48.

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

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.62%. The ex-dividend date was Wednesday, June 4th. Enpro's dividend payout ratio (DPR) is 30.85%.

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.