State of Wyoming purchased a new stake in shares of Enpro Inc. (NYSE:NPO – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,626 shares of the industrial products company’s stock, valued at approximately $1,367,000.
Other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its stake in shares of Enpro by 1,651.9% in the second quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after buying an additional 386,406 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Enpro by 34.1% during the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after acquiring an additional 270,909 shares in the last quarter. Invesco Ltd. increased its position in shares of Enpro by 26.5% during the third quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock worth $186,527,000 after acquiring an additional 172,991 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Enpro by 36,070.1% in the 4th quarter. Bessemer Group Inc. now owns 105,255 shares of the industrial products company’s stock worth $22,540,000 after acquiring an additional 104,964 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Enpro by 32.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 350,948 shares of the industrial products company’s stock worth $75,149,000 after acquiring an additional 85,667 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.
Enpro Price Performance
Shares of NYSE NPO opened at $342.88 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $340.33 and a two-hundred day simple moving average of $297.83. Enpro Inc. has a 1-year low of $202.00 and a 1-year high of $390.42. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 167.26, a price-to-earnings-growth ratio of 2.40 and a beta of 1.54.
Enpro Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, September 2nd. Enpro’s payout ratio is currently 62.44%.
Wall Street Analyst Weigh In
NPO has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target on the stock. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings downgraded Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. KeyCorp raised their target price on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, Zacks Research raised Enpro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Enpro presently has an average rating of “Buy” and an average price target of $358.33.
Check Out Our Latest Report on Enpro
Enpro Company Profile
Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.
Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.
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