Enpro Inc. (NYSE:NPO) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has increased its stake in Enpro Inc. by 12.0%, acquiring 1,732 additional shares, bringing their total ownership to approximately 16,160 shares valued at $2.615 million.
• Several institutional investors have also recently altered their positions in Enpro, with 98.31% of the stock now owned by institutional investors and hedge funds.
• Enpro's stock has seen recent analyst upgrades, with Oppenheimer raising its target price from $215 to $240 and several firms issuing "buy" or "strong-buy" ratings.

Natixis Advisors LLC lifted its position in Enpro Inc. (NYSE:NPO - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,160 shares of the industrial products company's stock after purchasing an additional 1,732 shares during the period. Natixis Advisors LLC owned about 0.08% of Enpro worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NPO. LPL Financial LLC raised its position in Enpro by 19.3% during the fourth quarter. LPL Financial LLC now owns 19,391 shares of the industrial products company's stock worth $3,357,000 after acquiring an additional 3,139 shares during the period. JPMorgan Chase & Co. increased its position in Enpro by 28.6% during the fourth quarter. JPMorgan Chase & Co. now owns 136,617 shares of the industrial products company's stock worth $23,560,000 after purchasing an additional 30,346 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in Enpro during the fourth quarter worth about $209,000. O Shaughnessy Asset Management LLC acquired a new stake in Enpro during the fourth quarter worth about $233,000. Finally, Alliancebernstein L.P. increased its position in shares of Enpro by 3.4% during the fourth quarter. Alliancebernstein L.P. now owns 23,377 shares of the industrial products company's stock valued at $4,031,000 after acquiring an additional 776 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Down 0.7%

Shares of NPO stock traded down $1.49 during trading on Friday, reaching $214.01. The company's stock had a trading volume of 101,191 shares, compared to its average volume of 128,401. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 2.21. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 53.50, a P/E/G ratio of 2.14 and a beta of 1.62. The stock's 50-day moving average price is $199.59 and its 200 day moving average price is $181.77. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $229.54.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.05). The business had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.08 EPS. On average, research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. Enpro's payout ratio is 31.00%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NPO. Oppenheimer lifted their price target on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday. KeyCorp lifted their price target on shares of Enpro from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd.

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.