Enpro Inc. (NYSE:NPO) Stake Raised by Invesco Ltd.

Invesco Ltd. grew its position in Enpro Inc. (NYSE:NPO - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,456 shares of the industrial products company's stock after purchasing an additional 7,911 shares during the period. Invesco Ltd. owned approximately 3.42% of Enpro worth $123,725,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Pitcairn Co. grew its stake in shares of 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 buying an additional 78 shares in the last quarter. Sanctuary Advisors LLC grew 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 acquiring an additional 86 shares in the last quarter. Heritage Family Offices LLP raised its stake in shares of Enpro by 4.7% during 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 period. Xponance Inc. raised its stake in shares of Enpro by 8.7% during 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 period. Finally, HighTower Advisors LLC lifted its position in shares of Enpro by 3.9% during the fourth quarter. HighTower Advisors LLC now owns 3,545 shares of the industrial products company's stock worth $611,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Insiders Place Their Bets

In related news, CAO Steven R. Bower sold 997 shares of the business'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 transaction of $199,061.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, KeyCorp dropped their price target 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 Stock Performance

Shares of NYSE NPO traded up $0.41 during mid-day trading on Friday, hitting $144.04. The company had a trading volume of 135,982 shares, compared to its average volume of 109,456. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 41.63 and a beta of 1.46. The firm's 50 day simple moving average is $171.75 and its two-hundred day simple moving average is $171.60. 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 12 month low of $133.50 and a 12 month high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. During the same period in the previous year, the firm posted $1.19 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.31 per share. This is a boost from Enpro's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. This represents a $1.24 annualized dividend and a yield of 0.86%. Enpro's dividend payout ratio (DPR) is presently 35.84%.

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.