Price T Rowe Associates Inc. MD Decreases Stake in Enpro Inc. (NYSE:NPO)

Price T Rowe Associates Inc. MD trimmed its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 81.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,952 shares of the industrial products company's stock after selling 77,509 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.09% of Enpro worth $3,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors bought a new position in shares of Enpro during the 4th quarter valued at $108,825,000. 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. Raymond James Financial Inc. bought a new position in Enpro in the fourth quarter valued at about $11,067,000. Capital International Investors boosted its position in Enpro by 6.8% in the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company's stock worth $166,323,000 after purchasing an additional 60,998 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Enpro by 115.6% during the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock valued at $9,845,000 after purchasing an additional 32,544 shares during the period. Institutional investors own 98.31% of the company's stock.

Enpro Price Performance

Enpro stock traded down $5.92 during mid-day trading on Friday, reaching $174.34. 144,322 shares of the company's stock traded hands, compared to its average volume of 112,236. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $159.78 and a two-hundred day moving average of $171.46. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 50.39 and a beta of 1.51.

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 net margin of 6.95% and a return on equity of 10.25%. The firm had revenue of $273.20 million for the quarter, compared to analysts' expectations of $266.23 million. During the same period in the prior year, the company earned $1.57 EPS. The business's revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, June 4th. Enpro's dividend payout ratio is currently 35.84%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NPO shares. KeyCorp dropped their price objective on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 997 shares of the company'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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.