Vanguard Group Inc. Buys 929 Shares of Enpro Inc. (NYSE:NPO)

Vanguard Group Inc. boosted its stake in Enpro Inc. (NYSE:NPO) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,333,635 shares of the industrial products company’s stock after purchasing an additional 929 shares during the quarter. Vanguard Group Inc. owned about 11.12% of Enpro worth $402,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC lifted its holdings in shares of Enpro by 5.8% during the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 86 shares during the last quarter. Heritage Family Offices LLP lifted its stake in Enpro by 4.7% during the fourth quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 87 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Enpro by 8.7% in the 4th quarter. Xponance Inc. now owns 1,494 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 119 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Enpro by 3.9% during the 4th quarter. HighTower Advisors LLC now owns 3,545 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 134 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Enpro by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 6,884 shares of the industrial products company’s stock valued at $1,187,000 after buying an additional 172 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on NPO shares. KeyCorp increased their price target on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Oppenheimer boosted 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.

Enpro Stock Performance

Shares of NPO stock opened at $165.36 on Thursday. 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 Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The company has a market capitalization of $3.48 billion, a P/E ratio of 47.79 and a beta of 1.52. The stock has a 50 day moving average price of $181.87 and a two-hundred day moving average price of $173.00.

Enpro (NYSE:NPO) last announced its quarterly earnings results 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. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. During the same quarter in the prior year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Wednesday, March 5th. This is an increase from Enpro’s previous quarterly dividend of $0.30. 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 business’s stock in a transaction on 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 SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

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.