Redwood Investments LLC Acquires 2,456 Shares of Enpro Inc. (NYSE:NPO)

Redwood Investments LLC raised its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,525 shares of the industrial products company's stock after purchasing an additional 2,456 shares during the period. Redwood Investments LLC owned 0.05% of Enpro worth $1,815,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NPO. OFI Invest Asset Management acquired a new stake in Enpro in the fourth quarter valued at approximately $60,000. Canada Pension Plan Investment Board purchased a new position in shares of Enpro during the 4th quarter worth approximately $69,000. Sterling Capital Management LLC grew its holdings in shares of 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Enpro by 386.5% in the 4th 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 period. Finally, KBC Group NV raised its stake in 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 in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of the stock in a transaction on Tuesday, February 25th. The stock was 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 can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Enpro Price Performance

NYSE NPO opened at $181.70 on Thursday. The stock's 50-day moving average price is $160.19 and its two-hundred day moving average price is $172.02. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.82 billion, a PE ratio of 52.51 and a beta of 1.51.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.57 by $0.33. The firm had revenue of $273.20 million for the quarter, compared to the consensus estimate of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. On average, analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.31 per share. 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 0.68%. Enpro's payout ratio is presently 30.85%.

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.

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