PNC Financial Services Group Inc. Sells 110 Shares of Enpro Inc. (NYSE:NPO)

PNC Financial Services Group Inc. cut its holdings in Enpro Inc. (NYSE:NPO) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,771 shares of the industrial products company’s stock after selling 110 shares during the period. PNC Financial Services Group Inc.’s holdings in Enpro were worth $478,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NPO. Wilmington Savings Fund Society FSB bought a new position in Enpro during the third quarter valued at about $99,000. Smartleaf Asset Management LLC increased its stake in Enpro by 386.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 514 shares during the period. KBC Group NV increased its stake in Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 130 shares during the period. Vista Finance LLC bought a new position in Enpro during the fourth quarter valued at about $204,000. Finally, Pacer Advisors Inc. increased its stake in Enpro by 55.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 432 shares during the period. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NPO shares. KeyCorp boosted their price target on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer lifted their price objective on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th.

Enpro Stock Up 1.9 %

NYSE NPO opened at $175.33 on Thursday. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $181.71 and its two-hundred day moving average is $171.53. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 50.67 and a beta of 1.52. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $214.58.

Enpro (NYSE:NPO) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. Equities analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.31 dividend. This is an increase from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Wednesday, March 5th. Enpro’s payout ratio is presently 35.84%.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is 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.