Man Group plc Invests $488,000 in Enpro Inc. (NYSE:NPO)

Man Group plc acquired a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,827 shares of the industrial products company's stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NPO. OFI Invest Asset Management acquired a new stake in shares of Enpro during the fourth quarter valued at $60,000. Canada Pension Plan Investment Board acquired a new position in Enpro in the 4th quarter valued at about $69,000. Sterling Capital Management LLC lifted its holdings in Enpro by 786.6% in the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 527 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after purchasing an additional 514 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock worth $154,000 after buying an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. KeyCorp decreased their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, Sidoti upgraded Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd.

Enpro Trading Up 0.4%

NPO stock traded up $0.76 during trading on Friday, reaching $185.29. 227,845 shares of the stock traded hands, compared to its average volume of 114,656. The firm has a market capitalization of $3.90 billion, a PE ratio of 53.55 and a beta of 1.51. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The business's 50 day moving average price is $162.04 and its 200-day moving average price is $174.31.

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. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $266.23 million. During the same quarter last year, the firm posted $1.57 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, June 4th. Enpro's dividend payout ratio is currently 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.