Charles Schwab Investment Management Inc. Has $43.96 Million Stake in Enpro Inc. (NYSE:NPO)

Charles Schwab Investment Management Inc. raised its position in Enpro Inc. (NYSE:NPO) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 254,907 shares of the industrial products company’s stock after acquiring an additional 5,742 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Enpro were worth $43,959,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp lifted its stake in shares of Enpro by 102.7% during the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock worth $2,266,000 after buying an additional 7,078 shares during the last quarter. JPMorgan Chase & Co. increased its position in Enpro by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company’s stock worth $17,235,000 after acquiring an additional 4,123 shares during the period. Belmont Capital LLC bought a new position in Enpro during the third quarter worth about $565,000. Stifel Financial Corp increased its holdings in Enpro by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock valued at $1,689,000 after buying an additional 995 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Enpro by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company’s stock valued at $17,568,000 after buying an additional 2,949 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.

Enpro Stock Performance

NYSE:NPO opened at $175.77 on Friday. The company has a fifty day moving average of $181.17 and a 200-day moving average of $171.00. The firm has a market capitalization of $3.72 billion, a P/E ratio of 50.80 and a beta of 1.52. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $214.58.

Enpro (NYSE:NPO) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. Enpro’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.30. Enpro’s payout ratio is 35.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer lifted their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Enpro Profile

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.