Aberdeen Group plc Has $26.87 Million Holdings in Enpro Inc. $NPO

Aberdeen Group plc lessened its position in shares of Enpro Inc. (NYSE:NPO) by 15.5% in the third quarter, HoldingsChannel.com reports. The fund owned 121,917 shares of the industrial products company’s stock after selling 22,405 shares during the period. Aberdeen Group plc’s holdings in Enpro were worth $26,871,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NPO. Wasatch Advisors LP lifted its position in shares of Enpro by 34.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after buying an additional 270,909 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Enpro by 1,651.9% in the second quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after acquiring an additional 386,406 shares during the last quarter. Congress Asset Management Co. boosted its stake in shares of Enpro by 2.6% in the 3rd quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock valued at $79,226,000 after purchasing an additional 8,992 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Enpro by 90.2% in the 3rd quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock valued at $72,261,000 after purchasing an additional 151,661 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Enpro by 23.0% during the 2nd quarter. Bamco Inc. NY now owns 287,128 shares of the industrial products company’s stock valued at $54,999,000 after purchasing an additional 53,713 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

NPO has been the topic of a number of recent research reports. KeyCorp lifted their price target on Enpro from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Enpro in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Enpro currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.

Enpro Stock Down 1.0%

Shares of NYSE NPO opened at $269.77 on Wednesday. The company’s 50 day moving average price is $235.73 and its 200-day moving average price is $226.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 2.44. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $286.09. The company has a market capitalization of $5.68 billion, a P/E ratio of 66.28, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. This is an increase from Enpro’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, March 4th. Enpro’s payout ratio is currently 30.47%.

Enpro Profile

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.