Royce & Associates LP increased its position in shares of Enpro Inc. (NYSE:NPO – Free Report) by 7.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 258,577 shares of the industrial products company’s stock after buying an additional 18,143 shares during the quarter. Royce & Associates LP’s holdings in Enpro were worth $55,369,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Westfuller Advisors LLC purchased a new stake in shares of Enpro during the third quarter worth approximately $25,000. Salomon & Ludwin LLC increased its stake in Enpro by 55.4% in the fourth quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 46 shares during the last quarter. Trust Co. of Vermont purchased a new position in Enpro in the fourth quarter valued at approximately $32,000. Jones Financial Companies Lllp increased its stake in Enpro by 236.4% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Enpro by 36.2% in the second quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 51 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.
Enpro Price Performance
NPO stock opened at $308.57 on Tuesday. The company has a market capitalization of $6.52 billion, a P/E ratio of 152.00, a PEG ratio of 2.25 and a beta of 1.56. Enpro Inc. has a twelve month low of $173.63 and a twelve month high of $326.98. The business has a 50 day simple moving average of $278.74 and a 200-day simple moving average of $250.71. The company has a current ratio of 2.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.39.
Enpro Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Enpro’s dividend payout ratio is presently 63.05%.
Insider Activity at Enpro
In related news, Director John Humphrey sold 1,300 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $268.69, for a total transaction of $349,297.00. Following the completion of the sale, the director directly owned 3,200 shares of the company’s stock, valued at $859,808. This trade represents a 28.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Steven R. Bower sold 507 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $265.15, for a total value of $134,431.05. Following the sale, the chief accounting officer directly owned 4,695 shares of the company’s stock, valued at approximately $1,244,879.25. This represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have commented on NPO. Oppenheimer increased their price target on shares of Enpro from $240.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Wall Street Zen lowered shares of Enpro from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded shares of Enpro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, KeyCorp increased their price target on shares of Enpro from $310.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Enpro currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.00.
View Our Latest Analysis 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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