Great Lakes Advisors LLC Sells 2,576 Shares of Enpro Inc. (NYSE:NPO)

Great Lakes Advisors LLC decreased its holdings in shares of Enpro Inc. (NYSE:NPO) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,856 shares of the industrial products company’s stock after selling 2,576 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.14% of Enpro worth $5,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NPO. HighTower Advisors LLC grew its position in shares of Enpro by 3.9% in the fourth quarter. HighTower Advisors LLC now owns 3,545 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enpro by 7.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,319 shares of the industrial products company’s stock valued at $917,000 after purchasing an additional 364 shares during the period. OFI Invest Asset Management acquired a new position in Enpro in the 4th quarter valued at $60,000. Amundi increased its position in Enpro by 193.2% during the 4th quarter. Amundi now owns 10,827 shares of the industrial products company’s stock worth $1,783,000 after buying an additional 7,134 shares during the period. Finally, Inceptionr LLC bought a new position in Enpro during the 4th quarter worth $318,000. 98.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction dated Tuesday, February 25th. The stock was 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 SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Enpro Stock Performance

NPO opened at $169.45 on Friday. 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 Inc. has a 52-week low of $136.68 and a 52-week high of $214.58. The firm has a market cap of $3.59 billion, a P/E ratio of 48.97 and a beta of 1.52. The business’s fifty day moving average is $181.17 and its 200-day moving average is $171.01.

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

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.73%. This is a boost from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 5th. Enpro’s dividend payout ratio (DPR) is 35.84%.

Analyst Ratings Changes

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