KLP Kapitalforvaltning AS Takes $707,000 Position in Enpro Inc. (NYSE:NPO)

KLP Kapitalforvaltning AS bought a new position in shares of Enpro Inc. (NYSE:NPO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,100 shares of the industrial products company’s stock, valued at approximately $707,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in Enpro by 4.2% in the fourth quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company’s stock worth $7,663,000 after acquiring an additional 1,788 shares in the last quarter. Xponance Inc. raised its holdings in shares of Enpro by 8.7% in the 4th quarter. Xponance Inc. now owns 1,494 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 119 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Enpro by 125.0% in the 4th quarter. Intech Investment Management LLC now owns 11,661 shares of the industrial products company’s stock worth $2,011,000 after purchasing an additional 6,478 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Enpro during the fourth quarter valued at approximately $339,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Enpro by 8.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,477 shares of the industrial products company’s stock worth $600,000 after buying an additional 266 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Trading Down 1.2 %

Enpro stock opened at $159.88 on Wednesday. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $214.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 46.21 and a beta of 1.52. The company has a 50 day moving average price of $182.12 and a 200 day moving average price of $173.06.

Enpro (NYSE:NPO) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $258.40 million during 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%. Enpro’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 earnings per share. Research analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.31 dividend. This is an increase from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.78%. Enpro’s dividend payout ratio is currently 35.84%.

Insider Transactions at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NPO shares. Oppenheimer increased their price objective on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. KeyCorp upped their target price on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, StockNews.com cut Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

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.