Enpro Inc. (NYSE:NPO) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,391 shares of the industrial products company's stock after buying an additional 3,139 shares during the quarter. LPL Financial LLC owned about 0.09% of Enpro worth $3,357,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NPO. OFI Invest Asset Management acquired a new position in Enpro in the 4th quarter worth approximately $60,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro in the third quarter worth $99,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 lifted its position in Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 227 shares during the period. Finally, Vista Finance LLC purchased a new stake in Enpro in the fourth quarter valued at $204,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NPO has been the subject of several analyst reports. KeyCorp decreased their price objective on Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. StockNews.com cut Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.

Enpro Stock Performance

NPO stock traded up $0.30 during midday trading on Thursday, hitting $143.93. 18,965 shares of the stock traded hands, compared to its average volume of 124,886. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The stock's fifty day simple moving average is $172.72 and its 200-day simple moving average is $171.72. The firm has a market cap of $3.03 billion, a P/E ratio of 41.59 and a beta of 1.46.

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

Enpro Increases Dividend

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