Toronto Dominion Bank Takes $3.14 Million Position in Enpro Inc. (NYSE:NPO)

Toronto Dominion Bank acquired a new position in shares of Enpro Inc. (NYSE:NPO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,201 shares of the industrial products company's stock, valued at approximately $3,139,000. Toronto Dominion Bank owned approximately 0.09% of Enpro as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Capital International Investors raised its holdings in Enpro by 6.8% during the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock worth $166,323,000 after purchasing an additional 60,998 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Enpro by 4.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock valued at $163,947,000 after purchasing an additional 36,501 shares during the period. Invesco Ltd. grew its position in Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock valued at $123,725,000 after purchasing an additional 7,911 shares during the period. Capital World Investors purchased a new position in Enpro during the 4th quarter worth $108,825,000. Finally, Neuberger Berman Group LLC boosted its holdings in Enpro by 23.2% during the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock worth $92,719,000 after acquiring an additional 101,257 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Enpro Stock Performance

Shares of Enpro stock traded down $2.60 during trading on Wednesday, hitting $179.72. 11,949 shares of the company's stock traded hands, compared to its average volume of 112,445. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58. The stock has a market capitalization of $3.78 billion, a P/E ratio of 51.96 and a beta of 1.51. The business has a 50-day simple moving average of $161.66 and a 200-day simple moving average of $173.91.

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, beating analysts' consensus estimates of $1.57 by $0.33. The firm 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 business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. As a group, analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, June 4th. Enpro's dividend 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.