Leeward Investments LLC MA Decreases Holdings in Enpro Inc. (NYSE:NPO)

Leeward Investments LLC MA trimmed its holdings in shares of Enpro Inc. (NYSE:NPO) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,605 shares of the industrial products company’s stock after selling 9,196 shares during the period. Enpro accounts for about 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 25th largest holding. Leeward Investments LLC MA owned about 0.59% of Enpro worth $21,316,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Enpro by 357.4% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after buying an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Enpro in the 3rd quarter valued at about $99,000. KBC Group NV lifted its holdings in shares of Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 130 shares during the last quarter. Vista Finance LLC purchased a new stake in shares of Enpro in the 4th quarter valued at about $204,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Enpro by 55.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 432 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Enpro Price Performance

Shares of NYSE:NPO opened at $200.44 on Friday. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58. The stock has a market cap of $4.21 billion, a PE ratio of 57.93 and a beta of 1.49. The business’s fifty day moving average price is $179.86 and its two-hundred day moving average price is $168.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59.

Enpro (NYSE:NPO) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share 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 firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $250.10 million. During the same quarter last year, the firm earned $1.19 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a yield of 0.62%. This is an increase from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio is currently 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.