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

Portside Wealth Group LLC acquired a new stake in shares of Enpro Inc. (NYSE:NPO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,727 shares of the industrial products company's stock, valued at approximately $298,000.

Several other hedge funds also recently bought and sold shares of NPO. Heritage Family Offices LLP boosted its stake in shares of Enpro by 8.0% during the first quarter. Heritage Family Offices LLP now owns 2,089 shares of the industrial products company's stock valued at $338,000 after purchasing an additional 155 shares during the period. GAMMA Investing LLC boosted its position in Enpro by 31,373.0% in the 1st quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company's stock valued at $13,036,000 after buying an additional 80,315 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Enpro by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock worth $1,310,000 after acquiring an additional 84 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Enpro by 3.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,311 shares of the industrial products company's stock worth $1,433,000 after acquiring an additional 280 shares during the period. Finally, Toronto Dominion Bank purchased a new position in Enpro during the 4th quarter worth $3,139,000. Institutional investors own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

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

Enpro Stock Down 0.8%

Shares of NPO traded down $1.50 during trading hours on Monday, hitting $191.37. The company had a trading volume of 213,864 shares, compared to its average volume of 116,023. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.03 billion, a PE ratio of 55.31 and a beta of 1.59. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The company's fifty day moving average price is $164.18 and its two-hundred day moving average price is $174.93.

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, beating analysts' consensus estimates 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 analysts' expectations of $266.23 million. During the same quarter in the prior year, the company posted $1.57 earnings per share. Enpro's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis 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.