Millennium Management LLC Trims Stock Position in Enpro Inc. (NYSE:NPO)

Millennium Management LLC cut its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NPO. KBC Group NV grew its holdings in shares of Enpro by 34.2% in the fourth 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 in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Enpro by 55.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company's stock valued at $209,000 after purchasing an additional 432 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Enpro in the fourth quarter valued at approximately $736,000. Congress Asset Management Co. grew its holdings in shares of Enpro by 1.5% in the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock valued at $54,108,000 after purchasing an additional 4,717 shares in the last quarter. Finally, Vista Finance LLC acquired a new position in shares of Enpro in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Analyst Ratings Changes

NPO has been the subject of a number of research reports. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, KeyCorp reiterated an "overweight" rating on shares of Enpro in a report on Tuesday, June 3rd.

Enpro Stock Up 1.7%

NYSE NPO traded up $3.27 on Friday, hitting $192.69. 107,117 shares of the stock were exchanged, compared to its average volume of 115,630. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $214.58. The company has a market cap of $4.05 billion, a PE ratio of 55.69 and a beta of 1.59. The company has a 50-day moving average price of $164.18 and a 200-day moving average price of $174.93.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.57 by $0.33. The company had revenue of $273.20 million during the quarter, compared to analysts' expectations of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.57 EPS. Sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 annualized dividend and a dividend yield of 0.64%. 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.