Tributary Capital Management LLC Has $31.96 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Tributary Capital Management LLC grew its holdings in shares of Enpro Inc. (NYSE:NPO) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,309 shares of the industrial products company’s stock after buying an additional 1,727 shares during the quarter. Enpro makes up 2.5% of Tributary Capital Management LLC’s portfolio, making the stock its 4th largest position. Tributary Capital Management LLC owned about 0.88% of Enpro worth $31,957,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Barclays PLC grew its position in shares of Enpro by 115.6% in the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after acquiring an additional 32,544 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Enpro by 129.7% during the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock worth $4,280,000 after acquiring an additional 16,600 shares during the period. Congress Asset Management Co. raised its stake in Enpro by 4.2% in the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock valued at $50,120,000 after acquiring an additional 12,316 shares during the period. Citigroup Inc. lifted its holdings in Enpro by 80.7% during the 3rd quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock valued at $4,278,000 after purchasing an additional 11,785 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Enpro by 0.9% in the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after purchasing an additional 11,643 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 300 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 130 shares in the company, valued at approximately $21,125. This represents a 69.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Enpro Trading Up 0.5 %

Shares of NPO stock opened at $179.27 on Friday. The stock has a 50 day simple moving average of $178.66 and a 200 day simple moving average of $164.29. Enpro Inc. has a 1 year low of $136.68 and a 1 year high of $197.94. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.76 billion, a P/E ratio of 69.76 and a beta of 1.50.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. On average, research analysts predict that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NPO. KeyCorp upped their price target on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer boosted their price target on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, StockNews.com cut Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

About Enpro

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.