Royce & Associates LP Sells 54,849 Shares of Enpro Inc. (NYSE:NPO)

Royce & Associates LP trimmed its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 16.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 282,294 shares of the industrial products company's stock after selling 54,849 shares during the quarter. Royce & Associates LP owned about 1.34% of Enpro worth $45,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the 1st quarter worth $32,000. Canada Pension Plan Investment Board acquired a new stake in shares of Enpro in the fourth quarter valued at about $69,000. GAMMA Investing LLC increased its stake in Enpro by 94.5% during the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 242 shares during the period. Sterling Capital Management LLC increased its stake in Enpro by 786.6% during the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 527 shares during the period. Finally, Vista Finance LLC raised its holdings in shares of Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock worth $205,000 after buying an additional 83 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NPO has been the subject of several research reports. Wall Street Zen cut Enpro from a "buy" rating to a "hold" rating in a research note on Saturday. Sidoti upgraded Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, KeyCorp restated an "overweight" rating on shares of Enpro in a research note on Tuesday, June 3rd.

Enpro Price Performance

Shares of NPO traded up $1.93 during trading hours on Friday, reaching $208.07. The stock had a trading volume of 46,908 shares, compared to its average volume of 117,086. The stock has a market capitalization of $4.38 billion, a PE ratio of 51.76, a PEG ratio of 2.36 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 2.95. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $214.58. The company's 50-day moving average is $192.78 and its two-hundred day moving average is $178.61.

Enpro (NYSE:NPO - Get Free Report) last issued 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 company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS. Research analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a yield of 0.60%. Enpro's dividend payout ratio is presently 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.