UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Enpro Inc. (NYSE:NPO – Free Report) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,901 shares of the industrial products company’s stock after selling 1,910 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Enpro were worth $22,202,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new stake in Enpro in the second quarter valued at $269,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Enpro in the 2nd quarter valued at about $38,000. Empowered Funds LLC acquired a new stake in Enpro in the 2nd quarter valued at about $1,613,000. Equitable Holdings Inc. acquired a new stake in Enpro in the 2nd quarter valued at about $833,000. Finally, Jefferies Financial Group Inc. bought a new position in Enpro during the second quarter worth about $266,000. 98.31% of the stock is owned by institutional investors.
Enpro Stock Up 0.5%
Enpro stock opened at $296.72 on Friday. The stock has a market cap of $6.28 billion, a P/E ratio of 144.74, a P/E/G ratio of 2.06 and a beta of 1.55. The company has a quick ratio of 1.43, a current ratio of 2.28 and a debt-to-equity ratio of 0.36. Enpro Inc. has a twelve month low of $202.00 and a twelve month high of $390.42. The company’s 50-day moving average price is $325.29 and its two-hundred day moving average price is $303.37.
Enpro Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Enpro’s dividend payout ratio (DPR) is presently 62.44%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on NPO shares. Weiss Ratings downgraded Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Zacks Research raised Enpro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. began 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. KeyCorp raised their price target on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, Wall Street Zen cut shares of Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $358.33.
Get Our Latest Analysis on Enpro
Enpro 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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