Portside Wealth Group LLC Takes $298,000 Position in Enpro Inc. (NYSE:NPO)

Portside Wealth Group LLC bought a new stake in shares of Enpro Inc. (NYSE:NPO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,727 shares of the industrial products company's stock, valued at approximately $298,000.

Several other large investors have also added to or reduced their stakes in NPO. OFI Invest Asset Management acquired a new position in Enpro in the fourth quarter valued at approximately $60,000. Canada Pension Plan Investment Board bought a new stake in shares of Enpro in the 4th quarter valued at $69,000. Sterling Capital Management LLC lifted its position in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 527 shares during the period. Smartleaf Asset Management LLC boosted its stake in Enpro by 386.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after acquiring an additional 514 shares in the last quarter. Finally, KBC Group NV boosted its stake in Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock worth $154,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Analyst Ratings Changes

NPO has been the subject of several research analyst reports. KeyCorp decreased their price target on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Sidoti raised Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th.

Enpro Stock Performance

NPO opened at $189.54 on Friday. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 54.78 and a beta of 1.51. The company's fifty day moving average price is $163.52 and its two-hundred day moving average price is $174.83. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44.

Enpro (NYSE:NPO - Get Free Report) last posted its 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. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. During the same period in the previous year, the firm posted $1.57 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts expect 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 paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Wednesday, June 4th. Enpro's dividend payout ratio (DPR) 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.

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