Federated Hermes Inc. Sells 4,529 Shares of Enpro Inc. (NYSE:NPO)

Key Points

• Federated Hermes Inc. reduced its stake in Enpro Inc. by 26.9% during the first quarter, owning 12,312 shares valued at approximately $1,992,000.
• Several institutional investors, including LPL Financial and JPMorgan Chase, increased their holdings in Enpro during the fourth quarter, indicating strong interest from large financial entities.
• Enpro recently announced a quarterly dividend of $0.31 per share with a dividend yield of 0.6%, reflecting a payout ratio of 30.85%.

Federated Hermes Inc. reduced its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,312 shares of the industrial products company's stock after selling 4,529 shares during the period. Federated Hermes Inc. owned 0.06% of Enpro worth $1,992,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Enpro by 2.6% during the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock worth $16,917,000 after buying an additional 2,691 shares during the last quarter. GAMMA Investing LLC increased its position 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 worth $81,000 after acquiring an additional 242 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Enpro in the 1st quarter worth about $1,720,000. Teacher Retirement System of Texas bought a new position in Enpro in the 1st quarter valued at about $495,000. Finally, Man Group plc acquired a new position in Enpro during the 4th quarter valued at about $488,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NPO shares. Sidoti upgraded Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Oppenheimer raised their price target on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Finally, KeyCorp increased their price objective on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday.

Enpro Price Performance

NYSE:NPO traded down $1.49 during trading hours on Friday, hitting $214.01. The stock had a trading volume of 101,191 shares, compared to its average volume of 128,401. The company has a 50 day simple moving average of $199.59 and a two-hundred day simple moving average of $181.75. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 53.50, a P/E/G ratio of 2.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 2.21. Enpro Inc. has a one year low of $133.50 and a one year high of $229.54.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million during the quarter, compared to analysts' expectations of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%. The firm's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.08 earnings per share. Research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, September 3rd. Enpro's dividend payout ratio is currently 31.00%.

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.