Charles Schwab Investment Management Inc. Has $43.96 Million Stake in Enpro Inc. (NYSE:NPO)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Enpro Inc. (NYSE:NPO) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,907 shares of the industrial products company’s stock after buying an additional 5,742 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.21% of Enpro worth $43,959,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro during the 3rd quarter worth approximately $99,000. Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 514 shares during the period. KBC Group NV grew its holdings 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 purchasing an additional 130 shares during the period. Vista Finance LLC acquired a new position in Enpro during the fourth quarter valued at approximately $204,000. Finally, Pacer Advisors Inc. grew its holdings 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 purchasing an additional 432 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insider Activity

In other 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 value of $199,061.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NPO shares. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp boosted 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. Finally, Oppenheimer boosted their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th.

Enpro Stock Up 3.8 %

Enpro stock opened at $175.77 on Friday. The stock has a market capitalization of $3.72 billion, a PE ratio of 50.80 and a beta of 1.52. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $181.17 and a 200-day moving average of $171.00.

Enpro (NYSE:NPO) last released 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. The company had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 earnings per share. On average, equities research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The business also recently declared 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 represents a $1.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio is 35.84%.

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.