Capital World Investors Makes New $108.83 Million Investment in Enpro Inc. (NYSE:NPO)

Capital World Investors purchased a new stake in shares of Enpro Inc. (NYSE:NPO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 631,053 shares of the industrial products company’s stock, valued at approximately $108,825,000. Capital World Investors owned about 3.01% of Enpro at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital International Investors grew its position in Enpro by 6.8% in the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company’s stock worth $166,323,000 after acquiring an additional 60,998 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company’s stock worth $123,725,000 after purchasing an additional 7,911 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Enpro by 23.2% during the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company’s stock valued at $92,719,000 after purchasing an additional 101,257 shares during the last quarter. Congress Asset Management Co. increased its position in shares of Enpro by 1.5% during the 4th quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company’s stock valued at $54,108,000 after purchasing an additional 4,717 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Enpro by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company’s stock valued at $43,959,000 after buying an additional 5,742 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Up 0.3 %

NYSE:NPO opened at $144.04 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The firm’s 50-day moving average price is $170.81 and its 200-day moving average price is $171.69. The company has a market capitalization of $3.03 billion, a PE ratio of 41.63 and a beta of 1.46. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58.

Enpro (NYSE:NPO) last released its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 earnings per share. On average, equities analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.86%. This is a positive change from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. Enpro’s payout ratio is 35.84%.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred 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 is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, KeyCorp lowered their price target on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th.

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.