State of Tennessee Department of Treasury Has $885,000 Stock Holdings in Enpro Inc. (NYSE:NPO)

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

A number of other large investors have also modified their holdings of NPO. OFI Invest Asset Management bought a new position in shares of Enpro during the fourth quarter worth about $60,000. Canada Pension Plan Investment Board acquired a new position in Enpro in the fourth quarter worth $69,000. Sterling Capital Management LLC raised its stake in Enpro by 786.6% during the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock worth $102,000 after acquiring an additional 527 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Enpro in the third quarter valued at approximately $99,000. Finally, Smartleaf Asset Management LLC boosted its position in Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock valued at $111,000 after purchasing an additional 514 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company's stock.

Enpro Price Performance

Shares of NYSE:NPO traded up $2.52 during trading on Thursday, reaching $175.52. The stock had a trading volume of 26,231 shares, compared to its average volume of 111,498. The business's 50-day moving average price is $159.76 and its 200 day moving average price is $170.94. 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 Inc. has a 52 week low of $133.50 and a 52 week high of $214.58. The stock has a market capitalization of $3.69 billion, a PE ratio of 50.73 and a beta of 1.51.

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 for the quarter, beating analysts' consensus estimates of $1.57 by $0.33. The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 EPS. As a group, equities analysts predict that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently announced 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. This represents a $1.24 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, June 4th. Enpro's payout ratio is presently 35.84%.

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.