Stifel Financial Corp Grows Stock Position in Enpro Inc. (NYSE:NPO)

Stifel Financial Corp raised its stake in shares of Enpro Inc. (NYSE:NPO) by 10.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,414 shares of the industrial products company’s stock after acquiring an additional 995 shares during the period. Stifel Financial Corp’s holdings in Enpro were worth $1,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Enpro by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock valued at $180,865,000 after acquiring an additional 7,992 shares in the last quarter. FMR LLC increased its position in shares of Enpro by 0.9% during the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock worth $201,385,000 after purchasing an additional 11,643 shares in the last quarter. Congress Asset Management Co. increased its position in Enpro by 4.2% during the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after buying an additional 12,316 shares during the period. Charles Schwab Investment Management Inc. raised its position in Enpro by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 249,165 shares of the industrial products company’s stock valued at $40,410,000 after purchasing an additional 3,218 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Enpro by 2.1% in the third quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company’s stock valued at $38,544,000 after purchasing an additional 4,995 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NPO. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp boosted their price target on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Oppenheimer boosted their price objective 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.

Enpro Trading Down 1.2 %

Shares of NPO stock opened at $173.22 on Friday. The firm has a 50-day moving average price of $170.67 and a 200 day moving average price of $159.95. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 67.40 and a beta of 1.49. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $197.94.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The business had revenue of $260.90 million for the quarter, compared to analysts’ expectations of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. Research analysts forecast that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro’s dividend payout ratio is currently 46.69%.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

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.