Raymond James Financial Inc. Buys Shares of 64,173 Enpro Inc. (NYSE:NPO)

Raymond James Financial Inc. bought a new position in shares of Enpro Inc. (NYSE:NPO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 64,173 shares of the industrial products company’s stock, valued at approximately $11,067,000. Raymond James Financial Inc. owned 0.31% of Enpro at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. KBC Group NV increased its stake in Enpro by 24.3% during the 3rd 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. Natixis Advisors LLC grew its stake in shares of Enpro by 4.9% in the third quarter. Natixis Advisors LLC now owns 13,330 shares of the industrial products company’s stock worth $2,162,000 after acquiring an additional 623 shares in the last quarter. Jennison Associates LLC increased its position in shares of Enpro by 2.1% during the third quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company’s stock worth $38,544,000 after acquiring an additional 4,995 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Enpro by 10.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,636 shares of the industrial products company’s stock worth $590,000 after acquiring an additional 349 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of Enpro by 58.0% in the third quarter. Intech Investment Management LLC now owns 5,183 shares of the industrial products company’s stock valued at $841,000 after acquiring an additional 1,903 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Enpro Trading Down 1.0 %

Shares of Enpro stock opened at $173.98 on Friday. 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 company has a fifty day simple moving average of $181.89 and a 200-day simple moving average of $171.55. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 50.28 and a beta of 1.52. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $214.58.

Enpro (NYSE:NPO) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $258.40 million for 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%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share. On average, equities analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently disclosed 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 of this dividend was Wednesday, March 5th. Enpro’s dividend payout ratio is presently 35.84%.

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.