Oppenheimer Asset Management Inc. Takes Position in Enpro Inc. (NYSE:NPO)

Oppenheimer Asset Management Inc. acquired a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,629 shares of the industrial products company's stock, valued at approximately $1,720,000. Oppenheimer Asset Management Inc. owned about 0.05% of Enpro as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC boosted its holdings in Enpro by 5.8% in the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 86 shares during the last quarter. New York State Common Retirement Fund raised its position in Enpro by 112.0% in the fourth quarter. New York State Common Retirement Fund now owns 23,202 shares of the industrial products company's stock valued at $4,001,000 after purchasing an additional 12,258 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Enpro by 30.4% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the industrial products company's stock valued at $1,035,000 after purchasing an additional 1,400 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Enpro in the 4th quarter valued at $2,379,000. Finally, Versor Investments LP purchased a new position in shares of Enpro during the 4th quarter worth $846,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NPO. KeyCorp restated an "overweight" rating on shares of Enpro in a report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

Enpro Trading Up 2.0%

Shares of NPO traded up $3.90 during midday trading on Tuesday, hitting $195.45. 154,935 shares of the stock were exchanged, compared to its average volume of 117,580. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The stock has a fifty day simple moving average of $179.01 and a 200 day simple moving average of $174.93. The firm has a market cap of $4.11 billion, a P/E ratio of 48.62 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 2.95.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.33. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. During the same quarter in the prior year, the company earned $1.57 EPS. Enpro's revenue was up 6.1% on a year-over-year basis. On average, research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Wednesday, June 4th. 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.