64,173 Shares in Enpro Inc. (NYSE:NPO) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Enpro Inc. (NYSE:NPO) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 64,173 shares of the industrial products company’s stock, valued at approximately $11,067,000.

Several other institutional investors also recently bought and sold shares of NPO. Proficio Capital Partners LLC acquired a new stake in shares of Enpro in the 4th quarter worth $2,379,000. Atria Investments Inc lifted its position in Enpro by 6.9% in the fourth quarter. Atria Investments Inc now owns 5,922 shares of the industrial products company’s stock valued at $1,021,000 after purchasing an additional 383 shares during the period. Victory Capital Management Inc. boosted its holdings in Enpro by 2.6% in the 4th quarter. Victory Capital Management Inc. now owns 6,884 shares of the industrial products company’s stock valued at $1,187,000 after purchasing an additional 172 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Enpro by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company’s stock valued at $43,959,000 after purchasing an additional 5,742 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 514 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on NPO shares. KeyCorp raised their price target on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Oppenheimer boosted 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.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Enpro Trading Down 1.0 %

Shares of Enpro stock opened at $173.98 on Friday. The company has a 50-day moving average of $181.89 and a two-hundred day moving average of $171.55. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $214.58. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The stock has a market cap of $3.69 billion, a PE ratio of 50.28 and a beta of 1.52.

Enpro (NYSE:NPO) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. On average, research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Wednesday, March 5th. This is an increase from Enpro’s previous quarterly dividend of $0.30. Enpro’s payout ratio is 35.84%.

Enpro Company 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.