Wellington Management Group LLP Buys 24,091 Shares of Enpro Inc. (NYSE:NPO)

Wellington Management Group LLP grew its stake in Enpro Inc. (NYSE:NPO) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,173 shares of the industrial products company’s stock after buying an additional 24,091 shares during the quarter. Wellington Management Group LLP owned approximately 1.45% of Enpro worth $47,990,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NPO. Congress Asset Management Co. MA increased its holdings in Enpro by 7.3% in the 4th quarter. Congress Asset Management Co. MA now owns 283,129 shares of the industrial products company’s stock worth $44,378,000 after acquiring an additional 19,336 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Enpro by 8.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 222,851 shares of the industrial products company’s stock valued at $34,930,000 after purchasing an additional 17,605 shares during the period. Comerica Bank lifted its stake in shares of Enpro by 4.3% during the 4th quarter. Comerica Bank now owns 11,943 shares of the industrial products company’s stock valued at $1,872,000 after buying an additional 488 shares in the last quarter. Trigran Investments Inc. boosted its holdings in Enpro by 17.2% in the 4th quarter. Trigran Investments Inc. now owns 101,067 shares of the industrial products company’s stock worth $15,841,000 after buying an additional 14,864 shares during the period. Finally, Schroder Investment Management Group increased its stake in Enpro by 51.3% in the 4th quarter. Schroder Investment Management Group now owns 104,837 shares of the industrial products company’s stock worth $16,432,000 after buying an additional 35,546 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

Shares of Enpro stock opened at $144.87 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -1,034.71 and a beta of 1.46. The company has a quick ratio of 1.77, a current ratio of 2.59 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $149.49 and its 200-day simple moving average is $153.02. Enpro Inc. has a 52 week low of $106.08 and a 52 week high of $170.63.

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

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 5th. This represents a $1.20 annualized dividend and a yield of 0.83%. Enpro’s 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.