Pitcairn Co. Boosts Holdings in Enpro Inc. (NYSE:NPO)

Pitcairn Co. grew its stake in Enpro Inc. (NYSE:NPO) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,913 shares of the industrial products company’s stock after buying an additional 78 shares during the quarter. Pitcairn Co.’s holdings in Enpro were worth $675,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NPO. ExodusPoint Capital Management LP increased its stake in shares of Enpro by 97.7% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,580 shares of the industrial products company’s stock valued at $445,000 after purchasing an additional 1,275 shares in the last quarter. Alliancebernstein L.P. grew its stake in Enpro by 3.4% during the 4th quarter. Alliancebernstein L.P. now owns 23,377 shares of the industrial products company’s stock valued at $4,031,000 after acquiring an additional 776 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Enpro in the 4th quarter valued at about $233,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Enpro in the fourth quarter valued at approximately $209,000. Finally, Pictet Asset Management Holding SA lifted its position in Enpro by 18.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,987 shares of the industrial products company’s stock worth $515,000 after buying an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Insider Activity at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Enpro Stock Performance

Shares of Enpro stock opened at $142.65 on Friday. The business has a 50-day simple moving average of $180.55 and a 200-day simple moving average of $172.75. 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 one year low of $134.96 and a one year high of $214.58. The company has a market cap of $3.00 billion, a PE ratio of 41.23 and a beta of 1.52.

Enpro (NYSE:NPO) last announced its quarterly earnings data 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. The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $1.19 EPS. On average, equities research analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.31 per share. This is a boost from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. This represents a $1.24 annualized dividend and a yield of 0.87%. Enpro’s payout ratio is presently 35.84%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NPO. KeyCorp upped their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer increased 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. Finally, StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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.