Wells Fargo & Company MN grew its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,828 shares of the industrial products company's stock after buying an additional 4,213 shares during the quarter. Wells Fargo & Company MN owned 0.19% of Enpro worth $6,868,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Pitcairn Co. boosted its position in Enpro by 2.0% in the 4th quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock valued at $675,000 after buying an additional 78 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Enpro by 5.8% during the fourth quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 86 shares in the last quarter. Heritage Family Offices LLP lifted its position in shares of Enpro by 4.7% during the fourth quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company's stock valued at $334,000 after buying an additional 87 shares during the last quarter. Xponance Inc. increased its position in shares of Enpro by 8.7% during the fourth quarter. Xponance Inc. now owns 1,494 shares of the industrial products company's stock worth $258,000 after purchasing an additional 119 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Enpro by 3.9% during the fourth quarter. HighTower Advisors LLC now owns 3,545 shares of the industrial products company's stock valued at $611,000 after buying an additional 134 shares during the last quarter. Institutional investors own 98.31% of the company's stock.
Analyst Upgrades and Downgrades
Separately, KeyCorp dropped their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th.
Read Our Latest Report on Enpro
Insider Buying and Selling at Enpro
In other Enpro news, CAO Steven R. Bower sold 997 shares of the company's stock in a transaction that occurred 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 is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
Enpro Stock Performance
NPO stock traded up $0.70 on Thursday, hitting $146.08. The company's stock had a trading volume of 150,309 shares, compared to its average volume of 109,765. The firm has a 50 day moving average of $167.90 and a two-hundred day moving average of $171.16. 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 stock has a market cap of $3.07 billion, a price-to-earnings ratio of 42.08 and a beta of 1.46.
Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. Enpro's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 earnings per share. Equities analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.
Enpro Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.31 dividend. This is an increase from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, March 5th. Enpro's dividend payout ratio is currently 35.84%.
Enpro Company Profile
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Free Report)
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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