Choreo LLC Trims Position in Enpro Inc. (NYSE:NPO)

Choreo LLC decreased its holdings in Enpro Inc. (NYSE:NPO) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,421 shares of the industrial products company’s stock after selling 389 shares during the quarter. Choreo LLC’s holdings in Enpro were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 411 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Enpro in the third quarter worth about $99,000. KBC Group NV lifted its holdings in Enpro by 24.3% in the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after buying an additional 130 shares during the period. OLD National Bancorp IN bought a new stake in Enpro during the 3rd quarter valued at approximately $200,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Enpro during the 2nd quarter worth approximately $203,000. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Performance

Shares of NPO opened at $192.73 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.05 billion, a P/E ratio of 74.99 and a beta of 1.49. The business’s 50 day moving average price is $178.88 and its 200-day moving average price is $166.89. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $197.94.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.31 dividend. This is a boost from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 5th. Enpro’s dividend payout ratio is currently 46.69%.

Analysts Set New Price Targets

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