Gamco Investors INC. ET AL Reduces Holdings in Enpro Inc. (NYSE:NPO)

Gamco Investors INC. ET AL cut its position in Enpro Inc. (NYSE:NPO - Free Report) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,710 shares of the industrial products company's stock after selling 82,949 shares during the quarter. Enpro accounts for 0.8% of Gamco Investors INC. ET AL's holdings, making the stock its 21st largest holding. Gamco Investors INC. ET AL owned approximately 2.09% of Enpro worth $75,656,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NPO. Synovus Financial Corp grew its holdings in shares of Enpro by 102.7% in the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock valued at $2,266,000 after purchasing an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. raised its position in Enpro by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock valued at $17,235,000 after purchasing an additional 4,123 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Enpro by 4.2% in the 4th quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock valued at $7,663,000 after buying an additional 1,788 shares during the period. Stifel Financial Corp grew its position in shares of Enpro by 10.6% during the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock worth $1,689,000 after buying an additional 995 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Enpro by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after buying an additional 2,949 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Analyst Ratings Changes

Separately, KeyCorp reduced their price objective on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company's stock.

Enpro Stock Performance

NYSE:NPO traded up $0.41 during mid-day trading on Friday, reaching $144.04. 135,982 shares of the stock were exchanged, compared to its average volume of 109,535. The stock has a market capitalization of $3.03 billion, a P/E ratio of 41.63 and a beta of 1.46. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58. The company has a 50 day simple moving average of $170.81 and a 200-day simple moving average of $171.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. The firm had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. Enpro's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. Analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from Enpro's previous quarterly dividend of $0.30. Enpro's payout ratio is presently 35.84%.

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.