Oppenheimer Asset Management Inc. Purchases Shares of 10,629 Enpro Inc. (NYSE:NPO)

Oppenheimer Asset Management Inc. purchased a new stake in shares of Enpro Inc. (NYSE:NPO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,629 shares of the industrial products company's stock, valued at approximately $1,720,000. Oppenheimer Asset Management Inc. owned 0.05% of Enpro as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

Enpro Stock Performance

Shares of NPO opened at $191.29 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.95 and a quick ratio of 2.21. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The company has a 50-day simple moving average of $176.86 and a two-hundred day simple moving average of $174.99. The firm has a market capitalization of $4.02 billion, a PE ratio of 47.58 and a beta of 1.59.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data 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. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The business had revenue of $273.20 million during the quarter, compared to analyst estimates of $266.23 million. During the same period last year, the business posted $1.57 earnings per share. Enpro's quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate 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 was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.24 annualized dividend and a dividend yield of 0.65%. Enpro's payout ratio is 30.85%.

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.

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