Enpro Inc. (NYSE:NPO) Holdings Decreased by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,872 shares of the industrial products company's stock after selling 1,859 shares during the quarter. Rhumbline Advisers owned about 0.29% of Enpro worth $10,010,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NPO. Capital International Investors increased its position in Enpro by 6.8% during the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock worth $166,323,000 after purchasing an additional 60,998 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Enpro by 4.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock valued at $163,947,000 after acquiring an additional 36,501 shares during the period. Invesco Ltd. raised its stake in shares of Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock valued at $123,725,000 after acquiring an additional 7,911 shares during the period. Capital World Investors acquired a new position in shares of Enpro during the 4th quarter valued at $108,825,000. Finally, Neuberger Berman Group LLC boosted its position in Enpro by 23.2% during the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock worth $92,719,000 after purchasing an additional 101,257 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Price Performance

NYSE:NPO traded down $4.61 during midday trading on Friday, hitting $187.89. 132,313 shares of the stock were exchanged, compared to its average volume of 116,207. The business has a 50-day moving average price of $168.55 and a two-hundred day moving average price of $175.23. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 54.30 and a beta of 1.59. 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 released its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.57 by $0.33. The business had revenue of $273.20 million during the quarter, compared to analyst estimates of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 earnings per share. Sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, June 4th. Enpro's payout ratio is 30.85%.

Analyst Ratings Changes

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

Enpro Company 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.