Enpro Inc. (NYSE:NPO) Stock Position Decreased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 81.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Barclays PLC raised its holdings in Enpro by 115.6% during the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock worth $9,845,000 after purchasing an additional 32,544 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Enpro during the third quarter worth about $99,000. JPMorgan Chase & Co. raised its holdings in Enpro by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock worth $17,235,000 after purchasing an additional 4,123 shares in the last quarter. Argent Capital Management LLC raised its holdings in Enpro by 38.6% during the fourth quarter. Argent Capital Management LLC now owns 5,514 shares of the industrial products company's stock worth $951,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Heritage Family Offices LLP raised its holdings in Enpro by 4.7% during the fourth quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company's stock worth $334,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of the business's stock in a transaction 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 document filed with the SEC, which is available at this link. 1.60% of the stock is owned by company insiders.

Enpro Price Performance

Shares of NPO traded down $5.92 during mid-day trading on Friday, reaching $174.34. 144,322 shares of the company's stock were exchanged, compared to its average volume of 112,236. 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 company has a 50-day simple moving average of $159.78 and a two-hundred day simple moving average of $171.61. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. 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 issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $273.20 million during the quarter, compared to analysts' expectations of $266.23 million. During the same period last year, the company posted $1.57 EPS. The company's revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. Enpro's dividend payout ratio (DPR) is presently 30.85%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. KeyCorp dropped their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Sidoti raised shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd.

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.