Sei Investments Co. Raises Stock Position in Enpro Inc. (NYSE:NPO)

Sei Investments Co. increased its holdings in shares of Enpro Inc. (NYSE:NPO) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,440 shares of the industrial products company’s stock after purchasing an additional 1,788 shares during the period. Sei Investments Co. owned 0.21% of Enpro worth $7,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Enpro in the fourth quarter worth about $60,000. Wilmington Savings Fund Society FSB purchased a new position in Enpro in the 3rd quarter worth approximately $99,000. Smartleaf Asset Management LLC grew its position in 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 acquiring an additional 514 shares in the last quarter. KBC Group NV lifted its position in shares of Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 227 shares in the last quarter. Finally, Vista Finance LLC purchased a new position in shares of Enpro in the fourth quarter valued at $204,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Enpro Price Performance

Shares of NPO stock opened at $163.18 on Monday. The firm has a market cap of $3.43 billion, a P/E ratio of 47.16 and a beta of 1.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $214.58. The firm has a fifty day moving average of $182.69 and a two-hundred day moving average of $172.92.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $250.10 million. During the same quarter last year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.76%. Enpro’s dividend payout ratio (DPR) is 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.