Royal Bank of Canada Sells 13,015 Shares of Enpro Inc. (NYSE:NPO)

Royal Bank of Canada lowered its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,242 shares of the industrial products company's stock after selling 13,015 shares during the period. Royal Bank of Canada owned about 0.76% of Enpro worth $27,633,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NPO. Redwood Investments LLC increased its stake in shares of Enpro by 30.4% in the fourth 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 period. Man Group plc acquired a new stake in Enpro during the fourth quarter valued at $488,000. Nuveen Asset Management LLC boosted its position in Enpro by 8.8% during the fourth quarter. Nuveen Asset Management LLC now owns 193,696 shares of the industrial products company's stock valued at $33,403,000 after purchasing an additional 15,612 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Enpro during the fourth quarter valued at $345,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Enpro by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,954 shares of the industrial products company's stock valued at $2,061,000 after purchasing an additional 467 shares during the last quarter. Institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

Shares of NYSE NPO traded up $6.71 during trading hours on Tuesday, hitting $182.31. 87,629 shares of the company's stock were exchanged, compared to its average volume of 112,844. 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 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 52.69 and a beta of 1.51. The company's 50-day moving average price is $161.49 and its 200-day moving average price is $173.85.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data 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. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business had revenue of $273.20 million during the quarter, compared to analysts' expectations of $266.23 million. During the same quarter in the previous year, the firm earned $1.57 EPS. The firm's revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 annualized dividend and a dividend yield of 0.68%. Enpro's dividend payout ratio is presently 30.85%.

Analysts Set New Price Targets

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

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.