Enpro Inc. (NYSE:NPO) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 125.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,589 shares of the industrial products company's stock after purchasing an additional 4,227 shares during the quarter. Hsbc Holdings PLC's holdings in Enpro were worth $1,312,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. OFI Invest Asset Management acquired a new stake in Enpro in the 4th quarter valued at approximately $60,000. Canada Pension Plan Investment Board purchased a new position in shares of Enpro in the 4th quarter valued at about $69,000. Sterling Capital Management LLC increased its stake in shares of Enpro by 786.6% during the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after buying an additional 527 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Enpro in the third quarter worth approximately $99,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after purchasing an additional 514 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

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

Enpro Stock Performance

Shares of Enpro stock traded up $2.52 on Thursday, reaching $175.52. 26,231 shares of the stock were exchanged, compared to its average volume of 111,498. The firm has a market capitalization of $3.69 billion, a PE ratio of 50.73 and a beta of 1.51. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The business has a fifty day moving average price of $159.76 and a two-hundred day moving average price of $170.94. 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 (NYSE:NPO - Get Free Report) last announced its quarterly earnings data 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. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. During the same quarter in the prior year, the company posted $1.57 earnings per share. Enpro's quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current fiscal 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 yield of 0.71%. The ex-dividend date is Wednesday, June 4th. Enpro's dividend payout ratio (DPR) is 35.84%.

Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

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.