Principal Financial Group Inc. Purchases 2,691 Shares of Enpro Inc. (NYSE:NPO)

Principal Financial Group Inc. raised its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,564 shares of the industrial products company's stock after acquiring an additional 2,691 shares during the period. Principal Financial Group Inc. owned about 0.50% of Enpro worth $16,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new position in Enpro in the first quarter valued at approximately $495,000. Illinois Municipal Retirement Fund raised its stake in shares of Enpro by 1.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company's stock worth $1,823,000 after purchasing an additional 118 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Enpro during the 1st quarter worth approximately $1,720,000. Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the 1st quarter worth approximately $32,000. Finally, Vista Finance LLC raised its stake in shares of Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after purchasing an additional 83 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Enpro Price Performance

NYSE:NPO traded down $2.15 during trading hours on Tuesday, reaching $201.81. 98,172 shares of the company were exchanged, compared to its average volume of 119,562. The company has a market capitalization of $4.25 billion, a P/E ratio of 50.20 and a beta of 1.57. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.95 and a quick ratio of 2.21. The business has a 50 day moving average of $187.19 and a 200 day moving average of $176.28.

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

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Wednesday, June 4th. Enpro's dividend payout ratio is presently 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.