First National Advisers LLC Makes New $440,000 Investment in Enpro Inc. (NYSE:NPO)

Key Points

• First National Advisers LLC has taken a new position in Enpro Inc., acquiring 2,717 shares valued at approximately $440,000 during the first quarter of the year.
• Enpro's latest quarterly earnings report revealed an **EPS of $1.90**, surpassing the analysts' expectations of $1.57, along with a **6.1% year-over-year revenue increase** to $273.20 million.
• The company also declared a quarterly dividend of **$0.31**, which equates to an annualized dividend of **$1.24**, resulting in a **dividend yield of 0.60%** with a payout ratio of 30.85%.

First National Advisers LLC purchased a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,717 shares of the industrial products company's stock, valued at approximately $440,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors lifted its stake in Enpro by 6.8% during the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock valued at $166,323,000 after acquiring an additional 60,998 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Enpro by 4.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock worth $163,947,000 after purchasing an additional 36,501 shares in the last quarter. Invesco Ltd. increased its position in Enpro by 1.1% in the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock worth $123,725,000 after purchasing an additional 7,911 shares during the last quarter. Capital World Investors bought a new stake in shares of Enpro in the 4th quarter valued at approximately $108,825,000. Finally, Neuberger Berman Group LLC boosted its stake 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 worth $92,719,000 after purchasing an additional 101,257 shares during the period. 98.31% of the stock is owned by institutional investors.

Enpro Trading Down 0.0%

NPO stock traded down $0.09 during trading on Wednesday, reaching $214.62. 127,393 shares of the stock were exchanged, compared to its average volume of 133,305. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 53.39, a P/E/G ratio of 2.40 and a beta of 1.57. The company has a current ratio of 2.95, a quick ratio of 2.21 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $193.91 and a 200-day moving average price of $179.30. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $218.93.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.33. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. During the same quarter last year, the firm earned $1.57 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on NPO. Wall Street Zen downgraded shares of Enpro from a "buy" rating to a "hold" rating in a report on Saturday. Sidoti raised shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, KeyCorp restated an "overweight" rating on shares of Enpro in a research report on Tuesday, June 3rd.

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.