Enpro Inc. (NYSE:NPO) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 39.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,176 shares of the industrial products company's stock after selling 3,993 shares during the period. Millennium Management LLC's holdings in Enpro were worth $1,065,000 at the end of the most recent reporting period.

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 position in shares of Enpro during the 4th quarter worth about $60,000. Canada Pension Plan Investment Board acquired a new position in Enpro during the fourth quarter worth approximately $69,000. Sterling Capital Management LLC raised its stake in Enpro by 786.6% during the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after purchasing an additional 527 shares during the period. Smartleaf Asset Management LLC raised its stake in Enpro by 386.5% during the fourth 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 period. Finally, KBC Group NV boosted its holdings in shares of Enpro by 34.2% in the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NPO. KeyCorp restated an "overweight" rating on shares of Enpro in a report on Tuesday. 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 1.7%

Shares of NPO stock traded up $3.27 during mid-day trading on Friday, reaching $192.69. The company's stock had a trading volume of 107,117 shares, compared to its average volume of 115,411. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $4.05 billion, a PE ratio of 55.69 and a beta of 1.59. The company's 50 day simple moving average is $163.52 and its 200-day simple moving average is $174.83. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. The business had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. On average, research analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.64%. Enpro's payout ratio is 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.