Capital World Investors Makes New Investment in Enpro Inc. (NYSE:NPO)

Capital World Investors purchased a new stake in shares of Enpro Inc. (NYSE:NPO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 631,053 shares of the industrial products company’s stock, valued at approximately $108,825,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its position in Enpro by 115.6% in the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock worth $9,845,000 after purchasing an additional 32,544 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Enpro by 10.6% during the third quarter. Sanctuary Advisors LLC now owns 1,494 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 143 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Enpro in the 3rd quarter valued at approximately $99,000. Synovus Financial Corp boosted its holdings in shares of Enpro by 102.7% in the 3rd 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 during the period. Finally, JPMorgan Chase & Co. increased its position 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 valued at $17,235,000 after purchasing an additional 4,123 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analyst Ratings Changes

Separately, KeyCorp cut their price objective on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th.

Enpro Stock Up 0.3 %

Shares of NPO opened at $144.04 on Monday. The firm has a fifty day moving average price of $170.81 and a 200-day moving average price of $171.69. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $3.03 billion, a P/E ratio of 41.63 and a beta of 1.46. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58.

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

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.86%. This is a boost from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. Enpro’s dividend payout ratio is currently 35.84%.

Insider Activity

In related 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 value of $199,061.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

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.