T. Rowe Price Investment Management Inc. Purchases 36,501 Shares of Enpro Inc. (NYSE:NPO)

T. Rowe Price Investment Management Inc. boosted its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 950,690 shares of the industrial products company's stock after purchasing an additional 36,501 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 4.53% of Enpro worth $163,947,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in Enpro during the fourth quarter valued at approximately $60,000. Canada Pension Plan Investment Board purchased a new stake in shares of Enpro during the 4th quarter worth approximately $69,000. Sterling Capital Management LLC boosted its position in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 527 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Enpro in the third quarter valued at $99,000. Finally, Smartleaf Asset Management LLC increased its position in Enpro by 386.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company's stock worth $111,000 after purchasing an additional 514 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Trading Down 1.2 %

NPO traded down $1.85 during trading on Wednesday, reaching $150.01. The company had a trading volume of 35,347 shares, compared to its average volume of 110,314. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The business has a 50 day simple moving average of $163.89 and a 200-day simple moving average of $170.96. The stock has a market cap of $3.16 billion, a P/E ratio of 43.36 and a beta of 1.46. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $214.58.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.31 per share. This is a boost from Enpro's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.83%. Enpro's dividend payout ratio is currently 35.84%.

Analysts Set New Price Targets

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

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company 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.