Nuveen Asset Management LLC Has $33.40 Million Stake in Enpro Inc. (NYSE:NPO)

Nuveen Asset Management LLC raised its stake in Enpro Inc. (NYSE:NPO - Free Report) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,696 shares of the industrial products company's stock after buying an additional 15,612 shares during the period. Nuveen Asset Management LLC owned 0.92% of Enpro worth $33,403,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NPO. Barclays PLC boosted its position in Enpro by 115.6% in the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock valued at $9,845,000 after buying an additional 32,544 shares in the last quarter. Tributary Capital Management LLC boosted its position in Enpro by 0.9% in the fourth quarter. Tributary Capital Management LLC now owns 185,309 shares of the industrial products company's stock valued at $31,957,000 after buying an additional 1,727 shares in the last quarter. KBC Group NV boosted its position in 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 buying an additional 227 shares in the last quarter. Pacer Advisors Inc. boosted its position in 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 buying an additional 432 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Enpro in the fourth quarter valued at approximately $736,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Analysts Set New Price Targets

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

Enpro Trading Up 3.8%

Shares of NYSE:NPO traded up $6.71 during mid-day trading on Tuesday, reaching $182.31. 87,629 shares of the company's stock were exchanged, compared to its average volume of 112,844. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 52.69 and a beta of 1.51. The business's fifty day moving average price is $161.66 and its 200-day moving average price is $173.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. Enpro's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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 company also recently announced 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. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.68%. Enpro's payout ratio is 30.85%.

Enpro Company 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.