Royal Bank of Canada Lowers Position in Enpro Inc. (NYSE:NPO)

Royal Bank of Canada reduced its position in Enpro Inc. (NYSE:NPO - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,242 shares of the industrial products company's stock after selling 13,015 shares during the quarter. Royal Bank of Canada owned approximately 0.76% of Enpro worth $27,633,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Redwood Investments LLC boosted its stake in shares of Enpro by 30.4% in the 4th quarter. Redwood Investments LLC now owns 10,525 shares of the industrial products company's stock valued at $1,815,000 after purchasing an additional 2,456 shares during the last quarter. Man Group plc bought a new stake in Enpro in the fourth quarter worth approximately $488,000. Nuveen Asset Management LLC increased its holdings in Enpro by 8.8% in the fourth quarter. Nuveen Asset Management LLC now owns 193,696 shares of the industrial products company's stock worth $33,403,000 after purchasing an additional 15,612 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Enpro in the fourth quarter worth approximately $345,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Enpro by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,954 shares of the industrial products company's stock worth $2,061,000 after purchasing an additional 467 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NPO has been the subject of a number of research analyst reports. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Sidoti upgraded Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, KeyCorp lowered their target price on Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th.

Enpro Stock Down 1.1%

Enpro stock traded down $1.93 during trading on Wednesday, hitting $180.40. 37,613 shares of the company were exchanged, compared to its average volume of 129,371. The business's 50 day moving average is $161.66 and its 200 day moving average is $173.91. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $214.58. The company has a market capitalization of $3.80 billion, a P/E ratio of 52.14 and a beta of 1.51. 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 issued its quarterly earnings data 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 analysts' expectations of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 EPS. Analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued 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 yield of 0.69%. Enpro's dividend payout ratio (DPR) 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.