Legacy Wealth Asset Management LLC Reduces Stock Holdings in Enpro Inc. (NYSE:NPO)

Legacy Wealth Asset Management LLC lessened its holdings in shares of Enpro Inc. (NYSE:NPO) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,108 shares of the industrial products company’s stock after selling 195 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Enpro were worth $1,053,000 at the end of the most recent reporting period.

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

Insider Activity

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

Enpro Price Performance

Shares of NYSE:NPO opened at $171.34 on Friday. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $197.94. The firm’s 50 day moving average price is $177.19 and its 200-day moving average price is $162.93. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.60 billion, a PE ratio of 66.67 and a beta of 1.50.

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 analysts’ consensus estimates of $1.87 by ($0.13). The business had revenue of $260.90 million during 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% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. Equities research analysts expect that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.70%. Enpro’s payout ratio is currently 46.69%.

Analyst Ratings Changes

NPO has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. 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 report on Monday, December 16th.

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.