Enpro Inc. (NYSE:NPO) Position Reduced by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,108 shares of the industrial products company's stock after selling 5,497 shares during the quarter. Enpro comprises about 1.0% of Leeward Investments LLC MA's investment portfolio, making the stock its 23rd biggest position. Leeward Investments LLC MA owned about 0.56% of Enpro worth $19,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NPO. Capital World Investors acquired a new position in Enpro in the fourth quarter valued at $108,825,000. Bamco Inc. NY acquired a new position in Enpro in the fourth quarter valued at $24,208,000. Neuberger Berman Group LLC raised its position in Enpro by 23.2% in the fourth 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 during the period. GAMMA Investing LLC raised its position in Enpro by 31,373.0% in the first quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company's stock valued at $13,036,000 after purchasing an additional 80,315 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Enpro in the fourth quarter valued at about $11,067,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Stock Down 2.2%

Enpro stock traded down $4.40 during midday trading on Monday, hitting $198.89. The stock had a trading volume of 115,904 shares, compared to its average volume of 118,433. 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 fifty day moving average price of $182.28 and a 200 day moving average price of $175.31. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $214.58. The stock has a market cap of $4.18 billion, a P/E ratio of 49.48 and a beta of 1.57.

Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.33. The company 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%. Enpro's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Research analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on NPO. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Sidoti raised Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Enpro in a research report on Tuesday, June 3rd.

Enpro Company 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.