Inceptionr LLC Purchases New Shares in Enpro Inc. (NYSE:NPO)

Inceptionr LLC acquired a new position in shares of Enpro Inc. (NYSE:NPO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,843 shares of the industrial products company’s stock, valued at approximately $318,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Enpro during the third quarter valued at approximately $99,000. KBC Group NV lifted its holdings in 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in Enpro by 386.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock valued at $111,000 after buying an additional 514 shares during the last quarter. Vista Finance LLC acquired a new stake in shares of Enpro in the 4th quarter valued at $204,000. Finally, Pacer Advisors Inc. raised its position in shares of Enpro by 55.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 432 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the stock in a transaction dated Tuesday, February 25th. The stock was 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 is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Enpro Trading Up 0.6 %

NYSE:NPO opened at $176.53 on Monday. The business’s 50-day simple moving average is $181.29 and its 200-day simple moving average is $170.83. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The stock has a market capitalization of $3.74 billion, a PE ratio of 51.02 and a beta of 1.52.

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

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio is 35.84%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp lifted their price target 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. Finally, Oppenheimer upped their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th.

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.