Redwood Investments LLC Increases Holdings in Enpro Inc. (NYSE:NPO)

Redwood Investments LLC boosted its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 30.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,525 shares of the industrial products company's stock after buying an additional 2,456 shares during the period. Redwood Investments LLC owned 0.05% of Enpro worth $1,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Enpro during the fourth quarter worth approximately $60,000. Canada Pension Plan Investment Board purchased a new position in Enpro during the 4th quarter worth $69,000. Sterling Capital Management LLC increased its stake in Enpro by 786.6% in the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 527 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Enpro by 386.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock valued at $111,000 after buying an additional 514 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Enpro by 34.2% in the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company's stock valued at $154,000 after buying an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Stock Performance

Enpro stock traded up $0.09 during trading hours on Tuesday, reaching $185.06. 44,806 shares of the stock were exchanged, compared to its average volume of 130,851. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The stock has a market cap of $3.89 billion, a P/E ratio of 53.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The firm's 50 day moving average is $160.99 and its 200 day moving average is $173.10.

Enpro (NYSE:NPO - Get Free Report) last posted 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%. The firm had revenue of $273.20 million during the quarter, compared to analysts' expectations of $266.23 million. During the same period in the prior year, the company posted $1.57 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. Analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.67%. Enpro's dividend payout ratio (DPR) is presently 30.85%.

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction 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 legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Enpro 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.