T. Rowe Price Investment Management Inc. Has $163.95 Million Position in Enpro Inc. (NYSE:NPO)

T. Rowe Price Investment Management Inc. increased its holdings in shares of Enpro Inc. (NYSE:NPO) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 950,690 shares of the industrial products company’s stock after buying an additional 36,501 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Enpro were worth $163,947,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NPO. Capital International Investors lifted its holdings in shares of Enpro by 6.8% during the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company’s stock worth $166,323,000 after purchasing an additional 60,998 shares during the period. Invesco Ltd. raised its position in Enpro by 1.1% during 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 during the last quarter. Capital World Investors acquired a new position in Enpro during the 4th quarter worth about $108,825,000. Neuberger Berman Group LLC grew its position in shares of Enpro by 23.2% in 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 buying an additional 101,257 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake in shares of Enpro by 1.5% in the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company’s stock valued at $54,108,000 after buying an additional 4,717 shares during the period. 98.31% of the stock is owned by institutional investors.

Enpro Price Performance

NPO stock opened at $149.23 on Friday. 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 firm has a market cap of $3.14 billion, a price-to-earnings ratio of 43.13 and a beta of 1.46. The company’s fifty day simple moving average is $167.03 and its 200 day simple moving average is $171.08. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. During the same period in the previous year, the business earned $1.19 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, 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. Stockholders of record on Wednesday, March 5th were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.24 annualized dividend and a dividend yield of 0.83%. This is a positive change from Enpro’s previous quarterly dividend of $0.30. Enpro’s payout ratio is currently 35.84%.

Analyst Upgrades and Downgrades

Separately, KeyCorp cut their price objective on Enpro from $230.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th.

Insider Activity at Enpro

In other Enpro 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

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.