Toronto Dominion Bank Makes New Investment in Enpro Inc. (NYSE:NPO)

Toronto Dominion Bank purchased a new stake in Enpro Inc. (NYSE:NPO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,201 shares of the industrial products company's stock, valued at approximately $3,139,000. Toronto Dominion Bank owned about 0.09% of Enpro at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NPO. Capital International Investors increased its stake in Enpro by 6.8% in the fourth 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 period. T. Rowe Price Investment Management Inc. increased its stake in Enpro by 4.0% in the fourth 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. increased its stake in Enpro by 1.1% in the fourth 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 acquired a new position in Enpro in the fourth quarter valued at $108,825,000. Finally, Neuberger Berman Group LLC increased its stake in Enpro by 23.2% in the fourth 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 period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Stock Performance

Shares of Enpro stock traded up $1.76 on Wednesday, reaching $188.89. 156,223 shares of the stock were exchanged, compared to its average volume of 115,326. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $162.96 and a two-hundred day moving average price of $174.69. The firm has a market capitalization of $3.97 billion, a PE ratio of 54.59 and a beta of 1.51.

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 (EPS) for the quarter, topping 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 business had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. During the same period in the previous year, the business posted $1.57 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.66%. Enpro's dividend payout ratio (DPR) is 30.85%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NPO shares. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, KeyCorp dropped their price objective on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th.

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.