Royce & Associates LP Cuts Stake in Enpro Inc. (NYSE:NPO)

Royce & Associates LP lessened its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,294 shares of the industrial products company's stock after selling 54,849 shares during the quarter. Royce & Associates LP owned approximately 1.34% of Enpro worth $45,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Capital World Investors bought a new position in shares of Enpro during the 4th quarter valued at about $108,825,000. Bamco Inc. NY bought a new position in shares of Enpro during the 4th quarter valued at about $24,208,000. Neuberger Berman Group LLC boosted its holdings in shares of Enpro by 23.2% during the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock valued at $92,719,000 after purchasing an additional 101,257 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Enpro by 31,373.0% during the 1st quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company's stock valued at $13,036,000 after purchasing an additional 80,315 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Enpro by 6.8% during the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock valued at $166,323,000 after purchasing an additional 60,998 shares during the last quarter. Institutional investors own 98.31% of the company's stock.

Analyst Ratings Changes

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

Enpro Stock Performance

Shares of NYSE:NPO traded up $3.85 on Monday, hitting $211.82. 102,332 shares of the company were exchanged, compared to its average volume of 132,914. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The stock's 50 day moving average price is $192.78 and its 200 day moving average price is $178.70. The company has a current ratio of 2.95, a quick ratio of 2.21 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.46 billion, a P/E ratio of 52.69, a price-to-earnings-growth ratio of 2.36 and a beta of 1.57.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 7.98% and a return on equity of 10.67%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $0.31 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a yield of 0.59%. Enpro's payout ratio is 30.85%.

About Enpro

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.