New York State Common Retirement Fund Increases Stock Holdings in Enpro Inc. (NYSE:NPO)

New York State Common Retirement Fund raised its stake in Enpro Inc. (NYSE:NPO) by 112.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,202 shares of the industrial products company’s stock after purchasing an additional 12,258 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Enpro worth $4,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Enpro in the 4th quarter valued at approximately $736,000. Sanctuary Advisors LLC lifted its holdings in shares of Enpro by 5.8% in the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company’s stock valued at $295,000 after buying an additional 86 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Enpro by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company’s stock valued at $17,568,000 after buying an additional 2,949 shares during the period. Vista Finance LLC acquired a new stake in shares of Enpro in the 4th quarter valued at approximately $204,000. Finally, Congress Asset Management Co. lifted its holdings in shares of Enpro by 1.5% in the 4th quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company’s stock valued at $54,108,000 after buying an additional 4,717 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Stock Performance

Shares of NPO stock opened at $181.60 on Friday. The stock has a fifty day moving average price of $180.85 and a 200 day moving average price of $169.52. The stock has a market cap of $3.85 billion, a PE ratio of 52.49 and a beta of 1.49. Enpro Inc. has a 1 year low of $136.68 and a 1 year 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.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 earnings per share. Sell-side analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.31 per share. This is an increase from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.24 annualized dividend and a yield of 0.68%. Enpro’s dividend payout ratio (DPR) is presently 35.84%.

Analysts Set New Price Targets

NPO has been the subject of several recent analyst reports. StockNews.com cut Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp raised their price target on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Oppenheimer raised their price target on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.