Enpro Inc. (NYSE:NPO) Position Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of Enpro Inc. (NYSE:NPO - Free Report) by 86.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,398 shares of the industrial products company's stock after selling 14,802 shares during the period. Renaissance Technologies LLC's holdings in Enpro were worth $414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NPO. Barclays PLC increased its stake 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 acquiring an additional 32,544 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Enpro in the third quarter valued at approximately $99,000. JPMorgan Chase & Co. boosted its position in shares of 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 buying an additional 4,123 shares during the period. Argent Capital Management LLC lifted its stake in Enpro by 38.6% during the 4th quarter. Argent Capital Management LLC now owns 5,514 shares of the industrial products company's stock worth $951,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Heritage Family Offices LLP grew its position in Enpro by 4.7% in the 4th quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company's stock valued at $334,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Price Performance

Shares of NPO stock traded down $4.15 during midday trading on Friday, reaching $176.11. 36,524 shares of the company traded hands, compared to its average volume of 111,776. The firm has a market cap of $3.71 billion, a PE ratio of 50.90 and a beta of 1.51. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The firm's 50 day simple moving average is $159.79 and its two-hundred day simple moving average is $171.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data 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 return on equity of 10.25% and a net margin of 6.95%. The business had revenue of $273.20 million for the quarter, compared to analysts' expectations of $266.23 million. During the same quarter last year, the firm earned $1.57 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. On average, equities research analysts expect 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. Investors of record on Wednesday, June 4th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.70%. Enpro's dividend payout ratio is currently 35.84%.

Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the firm'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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NPO shares. KeyCorp reduced their target price 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 Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

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.