ProShare Advisors LLC Lowers Stock Position in Enpro Inc. (NYSE:NPO)

ProShare Advisors LLC lowered its position in Enpro Inc. (NYSE:NPO - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,171 shares of the industrial products company's stock after selling 6,049 shares during the quarter. ProShare Advisors LLC owned about 0.22% of Enpro worth $7,962,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of Enpro by 4.2% in the 4th quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock valued at $7,663,000 after acquiring an additional 1,788 shares in the last quarter. Principal Financial Group Inc. lifted its position in Enpro by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after buying an additional 2,949 shares during the last quarter. Congress Asset Management Co. lifted its position in Enpro by 1.5% in the 4th quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock worth $54,108,000 after buying an additional 4,717 shares during the last quarter. Bank of Montreal Can boosted its stake in Enpro by 9.5% in the fourth quarter. Bank of Montreal Can now owns 2,975 shares of the industrial products company's stock worth $513,000 after buying an additional 257 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its position in Enpro by 16.6% during the fourth quarter. Zions Bancorporation N.A. now owns 13,405 shares of the industrial products company's stock valued at $2,312,000 after acquiring an additional 1,905 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

Enpro Trading Down 2.7%

NPO traded down $4.94 during trading on Wednesday, hitting $180.22. 154,392 shares of the stock traded hands, compared to its average volume of 113,086. The firm has a market capitalization of $3.79 billion, a P/E ratio of 52.09 and a beta of 1.51. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The firm has a 50-day moving average of $161.31 and a 200 day moving average of $173.19.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) 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 analysts' expectations of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. Enpro's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. Equities research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, June 4th. Enpro's payout ratio is 30.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NPO shares. KeyCorp cut their price objective 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. StockNews.com raised Enpro from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Sidoti upgraded Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd.

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.