Enpro Inc. (NYSE:NPO) Position Reduced by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. 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 0.76% of Enpro worth $27,633,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Sei Investments Co. lifted its holdings in Enpro by 4.2% in the fourth quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock worth $7,663,000 after purchasing an additional 1,788 shares during the period. Principal Financial Group Inc. lifted its holdings in Enpro by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after purchasing an additional 2,949 shares during the period. Congress Asset Management Co. lifted its holdings in Enpro by 1.5% in the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock worth $54,108,000 after purchasing an additional 4,717 shares during the period. Bank of Montreal Can lifted its holdings 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 purchasing an additional 257 shares during the period. Finally, Zions Bancorporation N.A. lifted its holdings in Enpro by 16.6% in the fourth quarter. Zions Bancorporation N.A. now owns 13,405 shares of the industrial products company's stock worth $2,312,000 after purchasing an additional 1,905 shares during the period. Institutional investors own 98.31% of the company's stock.

Enpro Price Performance

NYSE NPO traded up $0.50 on Thursday, reaching $181.39. The company's stock had a trading volume of 11,450 shares, compared to its average volume of 112,468. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The stock has a market cap of $3.82 billion, a PE ratio of 52.41 and a beta of 1.51. The firm's 50 day moving average is $161.84 and its two-hundred day moving average is $173.96.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.33. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. During the same period in the prior year, the company earned $1.57 EPS. Enpro's revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. KeyCorp reduced their price objective on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a 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.