Northern Trust Corp Acquires 46,191 Shares of Enpro Inc. (NYSE:NPO)

Northern Trust Corp increased its stake in Enpro Inc. (NYSE:NPO - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 268,542 shares of the industrial products company's stock after purchasing an additional 46,191 shares during the quarter. Northern Trust Corp owned approximately 1.28% of Enpro worth $46,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Capital International Investors raised its holdings in Enpro by 6.8% during the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock valued at $166,323,000 after acquiring an additional 60,998 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Enpro by 4.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company's stock valued at $163,947,000 after acquiring an additional 36,501 shares during the period. Invesco Ltd. raised its holdings in Enpro by 1.1% during the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company's stock valued at $123,725,000 after acquiring an additional 7,911 shares during the period. Capital World Investors bought a new stake in Enpro during the fourth quarter valued at about $108,825,000. Finally, Neuberger Berman Group LLC raised its holdings 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 period. 98.31% of the stock is owned by institutional investors.

Enpro Trading Up 4.8%

Shares of NYSE:NPO traded up $8.32 during trading hours on Monday, hitting $182.73. 144,047 shares of the company's stock traded hands, compared to its average volume of 112,363. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58. The business has a fifty day moving average price of $159.78 and a 200-day moving average price of $171.61. The firm has a market capitalization of $3.85 billion, a P/E ratio of 52.81 and a beta of 1.51. 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 (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.33. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business had revenue of $273.20 million during the quarter, compared to analyst estimates of $266.23 million. During the same quarter in the previous year, the business earned $1.57 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The business 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. This represents a $1.24 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, June 4th. Enpro's dividend payout ratio is presently 30.85%.

Insider Activity

In other news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on NPO. Sidoti raised Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd. 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.

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.