Enpro Inc. (NYSE:NPO) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its holdings in Enpro Inc. (NYSE:NPO) by 9.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,821 shares of the industrial products company’s stock after selling 11,036 shares during the period. Schroder Investment Management Group owned approximately 0.52% of Enpro worth $18,922,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. boosted its position in Enpro by 80.7% in the 3rd quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock valued at $4,278,000 after buying an additional 11,785 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Enpro by 14.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,955 shares of the industrial products company’s stock valued at $804,000 after purchasing an additional 616 shares during the period. Verition Fund Management LLC acquired a new position in Enpro during the 3rd quarter worth $222,000. HighTower Advisors LLC increased its holdings in Enpro by 7.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,411 shares of the industrial products company’s stock worth $553,000 after purchasing an additional 242 shares during the period. Finally, Stifel Financial Corp raised its position in Enpro by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock valued at $1,689,000 after purchasing an additional 995 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. KeyCorp boosted their price objective on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. 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 report on Monday, December 16th. Finally, StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Enpro Price Performance

NPO stock opened at $165.36 on Thursday. The business has a 50 day moving average price of $181.87 and a 200 day moving average price of $173.00. 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 stock has a market cap of $3.48 billion, a price-to-earnings ratio of 47.79 and a beta of 1.52. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share 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 during the quarter, compared to the consensus estimate of $250.10 million. During the same quarter in the previous year, the firm earned $1.19 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s 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.