Janus Henderson Group PLC Buys 17,458 Shares of Enpro Inc. (NYSE:NPO)

Janus Henderson Group PLC increased its stake in Enpro Inc. (NYSE:NPO - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,391 shares of the industrial products company's stock after buying an additional 17,458 shares during the quarter. Janus Henderson Group PLC owned about 0.89% of Enpro worth $32,144,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Ellevest Inc. bought a new stake in Enpro in the fourth quarter worth $238,000. Ethic Inc. lifted its position in Enpro by 33.0% in the fourth quarter. Ethic Inc. now owns 1,975 shares of the industrial products company's stock worth $341,000 after buying an additional 490 shares during the last quarter. Deutsche Bank AG lifted its position in Enpro by 45.0% in the fourth quarter. Deutsche Bank AG now owns 19,124 shares of the industrial products company's stock worth $3,298,000 after buying an additional 5,938 shares during the last quarter. Bamco Inc. NY bought a new stake in Enpro in the fourth quarter worth $24,208,000. Finally, Gallagher Fiduciary Advisors LLC lifted its position in Enpro by 18.1% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,049 shares of the industrial products company's stock worth $526,000 after buying an additional 467 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Sidoti upgraded Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. KeyCorp reduced their target price on 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

NPO stock opened at $181.70 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The business's fifty day simple moving average is $160.19 and its two-hundred day simple moving average is $172.02. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 52.51 and a beta of 1.51.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.57 by $0.33. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. Analysts predict that Enpro Inc. will post 7.38 earnings per share for the current 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 annualized dividend and a dividend yield of 0.68%. Enpro's dividend payout ratio is currently 30.85%.

Insider Activity

In other news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction 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 document filed with the SEC, which is accessible through this link. Insiders own 1.60% of the company's stock.

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.

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