Enpro Inc. (NYSE:NPO) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury cut its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 40.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,133 shares of the industrial products company's stock after selling 3,553 shares during the quarter. State of Tennessee Department of Treasury's holdings in Enpro were worth $885,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Synovus Financial Corp grew its position in shares of Enpro by 102.7% during the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock valued at $2,266,000 after acquiring an additional 7,078 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Enpro by 4.0% in 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 in the last quarter. Sei Investments Co. boosted its holdings in shares of Enpro by 4.2% during the 4th quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock valued at $7,663,000 after purchasing an additional 1,788 shares during the last quarter. Principal Financial Group Inc. increased its stake in Enpro by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after acquiring an additional 2,949 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in Enpro by 1.5% during the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock valued at $54,108,000 after purchasing an additional 4,717 shares in the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NPO. 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. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

Enpro Price Performance

NPO stock traded up $10.44 during trading on Tuesday, hitting $166.21. The stock had a trading volume of 173,140 shares, compared to its average volume of 111,832. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. The company's 50-day moving average price is $160.34 and its two-hundred day moving average price is $170.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The stock has a market capitalization of $3.50 billion, a P/E ratio of 48.04 and a beta of 1.46.

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

Enpro Announces Dividend

The business also recently announced 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. This represents a $1.24 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, June 4th. Enpro's payout ratio is currently 35.84%.

Insider Transactions at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

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.