Smartleaf Asset Management LLC Grows Holdings in Enpro Inc. (NYSE:NPO)

Smartleaf Asset Management LLC increased its position in Enpro Inc. (NYSE:NPO) by 386.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 647 shares of the industrial products company’s stock after acquiring an additional 514 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Enpro were worth $111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after buying an additional 11,643 shares in the last quarter. State Street Corp grew its holdings in Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock valued at $130,972,000 after buying an additional 9,127 shares in the last quarter. Geode Capital Management LLC grew its holdings in Enpro by 1.1% during the 3rd 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 in the last quarter. Congress Asset Management Co. grew its holdings in Enpro by 1.5% during the 4th quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company’s stock valued at $54,108,000 after buying an additional 4,717 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Enpro by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 249,165 shares of the industrial products company’s stock valued at $40,410,000 after buying an additional 3,218 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NPO has been the subject of a number of research analyst reports. Oppenheimer increased their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th. StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, KeyCorp increased their target price on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th.

Insider Buying and Selling

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

Enpro Stock Up 0.6 %

NYSE NPO opened at $176.53 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. The company has a market capitalization of $3.74 billion, a P/E ratio of 51.02 and a beta of 1.49. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58. The stock has a 50 day moving average price of $181.23 and a 200-day moving average price of $170.45.

Enpro (NYSE:NPO) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. As a group, equities analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 0.70%. Enpro’s dividend payout ratio (DPR) is currently 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.