Marshall Wace LLP Invests $862,000 in Enpro Inc. (NYSE:NPO)

Marshall Wace LLP acquired a new position in Enpro Inc. (NYSE:NPO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,000 shares of the industrial products company's stock, valued at approximately $862,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NPO. Invesco Ltd. boosted its stake in Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock worth $123,725,000 after purchasing an additional 7,911 shares in the last quarter. Neuberger Berman Group LLC increased its position in Enpro by 23.2% during the fourth quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock valued at $92,719,000 after acquiring an additional 101,257 shares during the last quarter. Congress Asset Management Co. lifted its holdings in Enpro by 1.5% in the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock valued at $54,108,000 after acquiring an additional 4,717 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Enpro by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company's stock valued at $43,959,000 after purchasing an additional 5,742 shares during the period. Finally, Tributary Capital Management LLC increased its position in shares of Enpro by 0.9% during the 4th quarter. Tributary Capital Management LLC now owns 185,309 shares of the industrial products company's stock valued at $31,957,000 after purchasing an additional 1,727 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Stock Up 3.8 %

Shares of NYSE:NPO traded up $5.94 during trading on Tuesday, reaching $161.71. The stock had a trading volume of 11,173 shares, compared to its average volume of 128,509. The firm's 50-day simple moving average is $160.34 and its 200 day simple moving average is $170.96. 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 Inc. has a one year low of $133.50 and a one year high of $214.58. The company has a market capitalization of $3.40 billion, a P/E ratio of 46.74 and a beta of 1.46.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.33. Enpro had a net margin of 6.95% and a return on equity of 10.25%. During the same period last year, the company earned $1.57 EPS. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a yield of 0.77%. Enpro's dividend payout ratio is currently 35.84%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NPO. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. KeyCorp reduced their price target on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th.

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at the SEC website. Company insiders own 1.60% 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.