Access Financial Services Inc. Decreases Holdings in Enpro Inc. (NYSE:NPO)

Access Financial Services Inc. trimmed its holdings in Enpro Inc. (NYSE:NPO) by 29.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,527 shares of the industrial products company’s stock after selling 1,063 shares during the period. Access Financial Services Inc.’s holdings in Enpro were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Enpro by 168.1% during the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. lifted its stake in Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Enpro during the 3rd quarter worth approximately $99,000. KBC Group NV lifted its position in shares of Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after buying an additional 130 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new stake in shares of Enpro during the 3rd quarter worth approximately $200,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Up 1.2 %

Shares of NYSE:NPO opened at $173.31 on Monday. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 67.44 and a beta of 1.50. The company has a 50 day moving average of $177.39 and a two-hundred day moving average of $163.42. Enpro Inc. has a 52-week low of $136.68 and a 52-week high of $197.94. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The company had revenue of $260.90 million for the quarter, compared to analyst estimates of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.58 EPS. As a group, analysts forecast that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro’s dividend payout ratio is currently 46.69%.

Insider Activity at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the sale, the chief accounting officer now directly owns 130 shares in the company, valued at approximately $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

NPO has been the topic of several recent research reports. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Oppenheimer upped their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, KeyCorp boosted their price objective on shares of Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th.

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.