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

Man Group plc bought a new position in Enpro Inc. (NYSE:NPO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,827 shares of the industrial products company's stock, valued at approximately $488,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in Enpro in the 4th quarter worth approximately $60,000. Canada Pension Plan Investment Board purchased a new stake in Enpro during the 4th quarter valued at approximately $69,000. Sterling Capital Management LLC grew its holdings in Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after buying an additional 527 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock valued at $111,000 after buying an additional 514 shares in the last quarter. Finally, KBC Group NV grew its holdings in Enpro by 34.2% during the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company's stock valued at $154,000 after buying an additional 227 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NPO has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. KeyCorp cut their price objective on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd.

Enpro Price Performance

Shares of NYSE NPO traded up $3.21 during midday trading on Thursday, reaching $184.10. 540,859 shares of the stock traded hands, compared to its average volume of 114,571. 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 stock has a market capitalization of $3.87 billion, a PE ratio of 53.21 and a beta of 1.51. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The company's 50 day moving average is $161.84 and its 200 day moving average is $173.96.

Enpro (NYSE:NPO - Get Free Report) last posted 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 firm 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 10.25% and a net margin of 6.95%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 EPS. On average, equities research analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

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