Great Lakes Advisors LLC bought a new stake in Enpro Inc. (NYSE:NPO – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 14,132 shares of the industrial products company’s stock, valued at approximately $5,327,000.
Several other hedge funds also recently modified their holdings of NPO. AQR Capital Management LLC raised its position in shares of Enpro by 67.2% in the first quarter. AQR Capital Management LLC now owns 3,287 shares of the industrial products company’s stock valued at $532,000 after buying an additional 1,321 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Enpro by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the industrial products company’s stock worth $2,023,000 after acquiring an additional 552 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Enpro in the 1st quarter worth approximately $247,000. United Services Automobile Association acquired a new position in Enpro in the 1st quarter valued at $220,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Enpro by 17.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,906 shares of the industrial products company’s stock valued at $11,148,000 after acquiring an additional 10,162 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.
Enpro Stock Down 3.2%
Shares of NYSE NPO opened at $318.80 on Thursday. The stock has a market capitalization of $6.75 billion, a PE ratio of 155.51, a P/E/G ratio of 2.30 and a beta of 1.54. The company has a quick ratio of 1.43, a current ratio of 2.28 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $340.69 and a 200-day moving average of $300.24. Enpro Inc. has a 52-week low of $202.00 and a 52-week high of $390.42.
Enpro Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, September 2nd. Enpro’s dividend payout ratio (DPR) is 62.44%.
Analyst Ratings Changes
A number of research analysts have weighed in on NPO shares. Zacks Research raised Enpro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. KeyCorp upped their target price on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. assumed coverage on Enpro in a research note on Monday, July 20th. They issued an “overweight” rating and a $420.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $358.33.
Read Our Latest Stock Report on NPO
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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