Bahl & Gaynor Inc. Increases Stock Position in Enpro Inc. (NYSE:NPO)

Bahl & Gaynor Inc. lifted its holdings in shares of Enpro Inc. (NYSE:NPO) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 33,769 shares of the industrial products company’s stock after acquiring an additional 418 shares during the period. Bahl & Gaynor Inc.’s holdings in Enpro were worth $5,293,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Simplex Trading LLC increased its position in Enpro by 5,227.3% during the fourth quarter. Simplex Trading LLC now owns 1,172 shares of the industrial products company’s stock worth $183,000 after buying an additional 1,150 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Enpro by 6.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 19,589 shares of the industrial products company’s stock valued at $3,070,000 after acquiring an additional 1,267 shares during the last quarter. Jennison Associates LLC increased its position in Enpro by 21.0% during the 4th quarter. Jennison Associates LLC now owns 441,018 shares of the industrial products company’s stock worth $69,125,000 after purchasing an additional 76,684 shares in the last quarter. Federated Hermes Inc. increased its position in Enpro by 23.0% during the 4th quarter. Federated Hermes Inc. now owns 19,424 shares of the industrial products company’s stock worth $3,045,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Enpro by 13.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,472 shares of the industrial products company’s stock valued at $701,000 after purchasing an additional 544 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total transaction of $192,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Enpro news, CAO Robert Savage Mclean sold 6,400 shares of Enpro stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the transaction, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at $4,585,105.52. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total transaction of $192,012.00. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Enpro from a “c+” rating to a “b-” rating in a report on Thursday, February 1st.

Enpro Trading Up 1.0 %

Shares of Enpro stock traded up $1.44 during trading hours on Friday, reaching $150.82. 117,382 shares of the company’s stock were exchanged, compared to its average volume of 97,384. Enpro Inc. has a 52-week low of $92.88 and a 52-week high of $170.63. The company has a fifty day moving average of $158.39 and a 200-day moving average of $145.37. The company has a current ratio of 3.31, a quick ratio of 2.59 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 141.30 and a beta of 1.55.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.28). Enpro had a return on equity of 9.67% and a net margin of 2.10%. The business had revenue of $241.90 million during the quarter, compared to analyst estimates of $264.10 million. During the same period in the previous year, the business posted $1.47 earnings per share. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. Sell-side analysts forecast that Enpro Inc. will post 7.43 EPS for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.30 per share. This is a positive change from Enpro’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, March 5th. This represents a $1.20 annualized dividend and a yield of 0.80%. Enpro’s dividend payout ratio is 113.21%.

Enpro Company 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.