Enpro Inc. (NYSE:NPO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of Enpro Inc. (NYSE:NPO) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 479,184 shares of the industrial products company’s stock after selling 5,032 shares during the period. Geode Capital Management LLC’s holdings in Enpro were worth $82,655,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NPO. OFI Invest Asset Management purchased a new stake in Enpro during the fourth quarter worth about $60,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro during the 3rd quarter valued at approximately $99,000. Smartleaf Asset Management LLC boosted its stake in shares of Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 514 shares in the last quarter. KBC Group NV grew its holdings in shares of Enpro by 34.2% in the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 227 shares during the period. Finally, Vista Finance LLC purchased a new position in Enpro in the 4th quarter valued at approximately $204,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Enpro Trading Down 6.3 %

Shares of Enpro stock opened at $145.25 on Friday. The business has a 50 day moving average price of $176.05 and a 200 day moving average price of $172.19. The company has a market capitalization of $3.06 billion, a P/E ratio of 41.98 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 earnings per share. Sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.85%. Enpro’s payout ratio is 35.84%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. KeyCorp decreased their target price on Enpro from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday. StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Oppenheimer increased their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, December 16th.

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.