SageView Advisory Group LLC Purchases Shares of 4,560 Enpro Inc. (NYSE:NPO)

SageView Advisory Group LLC purchased a new stake in shares of Enpro Inc. (NYSE:NPO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,560 shares of the industrial products company’s stock, valued at approximately $708,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NPO. FMR LLC raised its position in Enpro by 21.8% during the 3rd quarter. FMR LLC now owns 948,511 shares of the industrial products company’s stock valued at $114,950,000 after purchasing an additional 169,848 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Enpro by 49.6% during the 4th quarter. Brown Advisory Inc. now owns 482,639 shares of the industrial products company’s stock worth $75,649,000 after acquiring an additional 159,984 shares during the period. Norges Bank purchased a new position in shares of Enpro during the 4th quarter worth approximately $24,026,000. Jennison Associates LLC grew its holdings in shares of Enpro by 21.0% during the 4th quarter. Jennison Associates LLC now owns 441,018 shares of the industrial products company’s stock worth $69,125,000 after acquiring an additional 76,684 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Enpro by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 282,082 shares of the industrial products company’s stock worth $34,186,000 after acquiring an additional 56,757 shares during the period. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Performance

Enpro stock opened at $147.60 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.77 and a current ratio of 2.59. The stock’s 50 day moving average is $150.56 and its 200 day moving average is $152.74. Enpro Inc. has a twelve month low of $106.08 and a twelve month high of $170.63.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.03. The company had revenue of $257.50 million for the quarter, compared to the consensus estimate of $269.00 million. Enpro had a positive return on equity of 9.17% and a negative net margin of 0.26%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 EPS. As a group, sell-side analysts predict that Enpro Inc. will post 7.45 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.20 annualized dividend and a yield of 0.81%. Enpro’s dividend payout ratio is -857.08%.

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.