First Trust Advisors LP Acquires Shares of 4,389 Enpro Inc. (NYSE:NPO)

First Trust Advisors LP acquired a new stake in Enpro Inc. (NYSE:NPO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,389 shares of the industrial products company's stock, valued at approximately $757,000.

Several other large investors have also bought and sold shares of NPO. Pitcairn Co. raised its position in Enpro by 2.0% in the fourth quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock valued at $675,000 after purchasing an additional 78 shares during the last quarter. Sanctuary Advisors LLC raised its position in Enpro by 5.8% in the fourth quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 86 shares during the last quarter. Heritage Family Offices LLP raised its position in Enpro by 4.7% in the fourth quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company's stock valued at $334,000 after purchasing an additional 87 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Enpro by 5.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company's stock valued at $379,000 after purchasing an additional 106 shares during the last quarter. Finally, Xponance Inc. raised its position in Enpro by 8.7% in the fourth quarter. Xponance Inc. now owns 1,494 shares of the industrial products company's stock valued at $258,000 after purchasing an additional 119 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Trading Up 2.5%

NPO stock traded up $4.51 during mid-day trading on Tuesday, reaching $186.50. The company's stock had a trading volume of 80,502 shares, compared to its average volume of 112,276. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 53.90 and a beta of 1.51. The business's 50 day moving average price is $159.87 and its 200 day moving average price is $171.85. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. The business 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 10.25% and a net margin of 6.95%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. On average, equities research analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a yield of 0.66%. Enpro's payout ratio is currently 30.85%.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

NPO has been the subject of a number of analyst reports. Sidoti upgraded Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. KeyCorp lowered their price objective on Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th.

Enpro Company 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.