Enpro Inc. (NYSE:NPO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its position in Enpro Inc. (NYSE:NPO) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 479,184 shares of the industrial products company’s stock after selling 5,032 shares during the period. Geode Capital Management LLC owned 2.28% of Enpro worth $82,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. OFI Invest Asset Management purchased a new position in Enpro in the fourth quarter valued at $60,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Enpro in the 3rd quarter valued at about $99,000. Smartleaf Asset Management LLC raised its position in shares of Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 514 shares in the last quarter. KBC Group NV lifted its stake in 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 during the last quarter. Finally, Vista Finance LLC purchased a new stake in Enpro during the fourth quarter worth approximately $204,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in 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 reduced their price target on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Oppenheimer boosted their target price on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th.

Enpro Stock Down 6.3 %

NPO stock opened at $145.25 on Friday. The company has a fifty day moving average price of $176.05 and a 200 day moving average price of $172.19. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $214.58. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 41.98 and a beta of 1.46. 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 (NYSE:NPO) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. During the same period in the previous year, the business posted $1.19 earnings per share. Enpro’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.85%. This is a boost from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. Enpro’s dividend payout ratio (DPR) is presently 35.84%.

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 997 shares of Enpro 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

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.