Kennedy Capital Management LLC Cuts Stock Holdings in Enpro Inc. (NYSE:NPO)

Kennedy Capital Management LLC lessened its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 58.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,697 shares of the industrial products company's stock after selling 30,432 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.10% of Enpro worth $3,742,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Enpro during the 4th quarter worth about $60,000. Wilmington Savings Fund Society FSB acquired a new position in Enpro during the 3rd quarter worth approximately $99,000. Smartleaf Asset Management LLC boosted its holdings in Enpro by 386.5% during the fourth 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. KBC Group NV grew its holdings in shares of Enpro by 34.2% in the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company's stock valued at $154,000 after acquiring an additional 227 shares in the last quarter. Finally, Vista Finance LLC bought a new position in Enpro in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Enpro Stock Performance

Shares of NPO traded up $0.41 during midday trading on Friday, reaching $144.04. 135,982 shares of the stock were exchanged, compared to its average volume of 109,456. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. The company has a market cap of $3.03 billion, a P/E ratio of 41.63 and a beta of 1.46. The stock's 50 day simple moving average is $171.75 and its 200 day simple moving average is $171.60. 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 posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. During the same quarter last year, the company earned $1.19 EPS. The company's revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.31 per share. This is an increase from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, March 5th. Enpro's dividend payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

Separately, KeyCorp cut 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 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.