Proficio Capital Partners LLC Makes New $2.38 Million Investment in Enpro Inc. (NYSE:NPO)

Proficio Capital Partners LLC acquired a new position in Enpro Inc. (NYSE:NPO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,796 shares of the industrial products company’s stock, valued at approximately $2,379,000. Proficio Capital Partners LLC owned about 0.07% of Enpro as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Enpro in the 3rd quarter valued at $99,000. KBC Group NV raised its holdings in shares of Enpro by 24.3% in the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 130 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Enpro by 386.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 514 shares during the last quarter. Vista Finance LLC bought a new position in shares of Enpro during the fourth quarter valued at about $204,000. Finally, Pacer Advisors Inc. grew its position in Enpro by 55.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 432 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Down 3.5 %

Enpro stock opened at $171.81 on Wednesday. The firm has a 50 day moving average price of $181.50 and a 200-day moving average price of $171.50. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $214.58. The company has a market capitalization of $3.64 billion, a P/E ratio of 49.65 and a beta of 1.52.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $258.40 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 earnings per share. As a group, equities analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors 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 yield of 0.72%. The ex-dividend date is Wednesday, March 5th. Enpro’s payout ratio is currently 35.84%.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of the 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 SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

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

Enpro Company 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.