Louisiana State Employees Retirement System Takes $1.65 Million Position in Enpro Inc. (NYSE:NPO)

Louisiana State Employees Retirement System purchased a new stake in Enpro Inc. (NYSE:NPO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,500 shares of the industrial products company's stock, valued at approximately $1,646,000. Louisiana State Employees Retirement System owned 0.05% of Enpro at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors raised its position in shares of Enpro by 63.6% in the 1st quarter. Capital International Investors now owns 1,432,727 shares of the industrial products company's stock valued at $140,020,000 after purchasing an additional 556,751 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Enpro in the 4th quarter valued at approximately $40,761,000. Norges Bank acquired a new position in shares of Enpro in the 4th quarter valued at approximately $22,342,000. Bank of America Corp DE raised its position in shares of Enpro by 147.6% in the 1st quarter. Bank of America Corp DE now owns 65,869 shares of the industrial products company's stock valued at $6,843,000 after purchasing an additional 204,319 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Enpro by 21.8% in the 3rd quarter. FMR LLC now owns 948,511 shares of the industrial products company's stock valued at $114,950,000 after acquiring an additional 169,848 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Insider Activity

In other news, Director Der Graaf Kees Van sold 1,200 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Der Graaf Kees Van sold 1,200 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert Savage Mclean sold 6,400 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the sale, the chief accounting officer now owns 28,961 shares of the company's stock, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Separately, TheStreet upgraded Enpro from a "c+" rating to a "b-" rating in a report on Thursday, February 1st.

Enpro Stock Performance

NPO stock traded down $0.24 during trading on Friday, reaching $149.02. 108,923 shares of the company's stock were exchanged, compared to its average volume of 90,260. The company has a quick ratio of 2.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.45. Enpro Inc. has a 1-year low of $92.04 and a 1-year high of $170.63. The company's fifty day moving average price is $159.21 and its 200-day moving average price is $144.74. The firm has a market cap of $3.12 billion, a PE ratio of 140.59 and a beta of 1.55.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.28). Enpro had a return on equity of 9.67% and a net margin of 2.10%. The business had revenue of $241.90 million for the quarter, compared to analyst estimates of $264.10 million. During the same quarter last year, the firm posted $1.47 EPS. The company's revenue was down 11.0% compared to the same quarter last year. On average, research analysts expect that Enpro Inc. will post 7.43 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a $0.30 dividend. This is a positive change from Enpro's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. Enpro's dividend payout ratio is 113.21%.

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.