Enpro Inc. (NYSE:NPO) Shares Purchased by Heritage Family Offices LLP

Heritage Family Offices LLP raised its stake in Enpro Inc. (NYSE:NPO) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,934 shares of the industrial products company’s stock after buying an additional 87 shares during the quarter. Heritage Family Offices LLP’s holdings in Enpro were worth $334,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Enpro by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock worth $180,865,000 after acquiring an additional 7,992 shares during the period. FMR LLC increased its stake in Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after buying an additional 11,643 shares during the period. State Street Corp increased its stake in Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock valued at $130,972,000 after buying an additional 9,127 shares during the period. Geode Capital Management LLC raised its position in shares of Enpro by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company’s stock worth $78,545,000 after buying an additional 5,502 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in shares of Enpro by 4.2% in the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after acquiring an additional 12,316 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now directly owns 130 shares in the company, valued at approximately $21,125. The trade was a 69.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Enpro Trading Up 0.9 %

Shares of NYSE:NPO opened at $168.17 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 65.44 and a beta of 1.50. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $197.94. The company has a 50 day moving average price of $177.03 and a 200 day moving average price of $162.87.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share 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 the consensus estimate of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share. On average, research analysts anticipate that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.71%. Enpro’s payout ratio is presently 46.69%.

Analysts Set New Price Targets

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

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.