First Eagle Investment Management LLC Grows Holdings in Enpro Inc. (NYSE:NPO)

First Eagle Investment Management LLC boosted its holdings in Enpro Inc. (NYSE:NPO) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,693 shares of the industrial products company’s stock after purchasing an additional 1,300 shares during the quarter. First Eagle Investment Management LLC owned about 0.31% of Enpro worth $11,329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NPO. Atria Investments Inc raised its position in Enpro by 13.1% in the 3rd quarter. Atria Investments Inc now owns 5,539 shares of the industrial products company’s stock valued at $898,000 after purchasing an additional 640 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Enpro by 24.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,726 shares of the industrial products company’s stock valued at $279,000 after purchasing an additional 337 shares during the last quarter. KBC Group NV raised its position in 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. Zions Bancorporation N.A. raised its position in Enpro by 19.4% during the 3rd quarter. Zions Bancorporation N.A. now owns 11,500 shares of the industrial products company’s stock worth $1,865,000 after buying an additional 1,865 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in Enpro by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 13,330 shares of the industrial products company’s stock worth $2,162,000 after buying an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NPO. StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp upped their price objective 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 stock an “outperform” rating in a research report on Monday, December 16th.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Enpro Stock Performance

NYSE:NPO opened at $175.77 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The stock has a market cap of $3.72 billion, a PE ratio of 50.80 and a beta of 1.52. The firm’s fifty day simple moving average is $181.17 and its 200-day simple moving average is $171.00.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share 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 analysts’ expectations of $250.10 million. During the same period in the prior year, the company posted $1.19 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. Enpro’s dividend payout ratio is 35.84%.

Enpro Company 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.