Rhumbline Advisers Sells 617 Shares of Enpro Inc. (NYSE:NPO)

Rhumbline Advisers cut its stake in Enpro Inc. (NYSE:NPO) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,731 shares of the industrial products company’s stock after selling 617 shares during the period. Rhumbline Advisers owned approximately 0.30% of Enpro worth $10,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Enpro during the fourth quarter valued at about $736,000. 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. KBC Group NV raised its holdings in Enpro by 34.2% in the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 227 shares in the last quarter. Tributary Capital Management LLC lifted its position in shares of Enpro by 0.9% in the 4th quarter. Tributary Capital Management LLC now owns 185,309 shares of the industrial products company’s stock worth $31,957,000 after acquiring an additional 1,727 shares during the period. Finally, Heritage Family Offices LLP grew its holdings in shares of Enpro by 4.7% during the 4th 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 in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Enpro Stock Down 3.1 %

NYSE NPO opened at $200.44 on Monday. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $214.58. 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 $179.86 and its two-hundred day moving average is $168.54. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 57.93 and a beta of 1.49.

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

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.31 dividend. This is a positive change from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 5th. This represents a $1.24 annualized dividend and a dividend yield of 0.62%. Enpro’s dividend payout ratio is presently 35.84%.

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.