State Street Corp Increases Stock Position in Enpro Inc. (NYSE:NPO)

State Street Corp increased its position in shares of Enpro Inc. (NYSE:NPO) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 807,572 shares of the industrial products company’s stock after purchasing an additional 9,127 shares during the quarter. State Street Corp owned approximately 3.85% of Enpro worth $130,972,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of Enpro by 3.2% in the 2nd quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company’s stock worth $395,000 after buying an additional 80 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Enpro by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock valued at $1,528,000 after purchasing an additional 100 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Enpro by 3.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company’s stock valued at $466,000 after purchasing an additional 104 shares during the last quarter. Creative Planning raised its stake in shares of Enpro by 3.1% during the 2nd quarter. Creative Planning now owns 3,501 shares of the industrial products company’s stock worth $510,000 after purchasing an additional 106 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Enpro by 5.1% in the 3rd quarter. Inspire Investing LLC now owns 2,552 shares of the industrial products company’s stock worth $414,000 after buying an additional 124 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NPO. KeyCorp raised their price objective on shares of Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

Enpro Trading Down 0.8 %

Shares of NPO opened at $189.31 on Friday. The firm has a market cap of $3.97 billion, a P/E ratio of 73.66 and a beta of 1.49. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The business has a 50-day moving average of $168.67 and a 200 day moving average of $158.92.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business had revenue of $260.90 million during the quarter, compared to the consensus estimate of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. As a group, research analysts forecast that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the transaction, the chief accounting officer now owns 130 shares of the company’s stock, valued at approximately $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

About Enpro

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.