Enpro Inc. (NYSE:NPO) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of 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 & Exchange Commission. The firm owned 104,564 shares of the industrial products company's stock after buying an additional 2,691 shares during the period. Principal Financial Group Inc. owned 0.50% of Enpro worth $16,917,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Pitcairn Co. lifted its holdings in shares of Enpro by 2.0% during the 4th quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock valued at $675,000 after purchasing an additional 78 shares during the last quarter. Vista Finance LLC raised its stake in Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after acquiring an additional 83 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised 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 during the last quarter. Summit Investment Advisors Inc. raised its stake in Enpro by 5.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company's stock worth $379,000 after acquiring an additional 106 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in Enpro by 1.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company's stock worth $1,823,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

NPO traded down $0.97 during midday trading on Friday, hitting $203.97. 88,423 shares of the company were exchanged, compared to its average volume of 119,342. The company's 50 day simple moving average is $187.19 and its 200 day simple moving average is $176.26. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 50.74 and a beta of 1.57. The company has a current ratio of 2.95, a quick ratio of 2.21 and a debt-to-equity ratio of 0.42. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.33. The company 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 revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. As a group, sell-side analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, June 4th. Enpro's dividend payout ratio is currently 30.85%.

Wall Street Analyst Weigh In

NPO has been the subject of a number of research analyst reports. KeyCorp restated an "overweight" rating on shares of Enpro in a research note on Tuesday, June 3rd. Sidoti upgraded Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th.

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.