Schroder Investment Management Group Lowers Holdings in Enpro Inc. (NYSE:NPO)

Schroder Investment Management Group reduced its position in Enpro Inc. (NYSE:NPO) by 9.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 109,821 shares of the industrial products company’s stock after selling 11,036 shares during the quarter. Schroder Investment Management Group’s holdings in Enpro were worth $18,922,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Synovus Financial Corp raised its holdings in Enpro by 102.7% during the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock worth $2,266,000 after purchasing an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Enpro by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company’s stock worth $17,235,000 after buying an additional 4,123 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Enpro by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock valued at $1,689,000 after buying an additional 995 shares during the period. Sei Investments Co. boosted its stake in shares of Enpro by 4.2% in the fourth quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company’s stock valued at $7,663,000 after buying an additional 1,788 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Enpro by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company’s stock worth $17,568,000 after acquiring an additional 2,949 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 997 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Enpro Stock Up 3.4 %

NPO stock opened at $165.36 on Thursday. The company has a 50 day moving average price of $181.87 and a two-hundred day moving average price of $173.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The stock has a market capitalization of $3.48 billion, a P/E ratio of 47.79 and a beta of 1.52. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 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 business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. During the same quarter in the previous year, the business earned $1.19 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.75%. This is an increase from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. Enpro’s payout ratio is presently 35.84%.

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.