Louisiana State Employees Retirement System Acquires Shares of 10,500 Enpro Inc. (NYSE:NPO)

Louisiana State Employees Retirement System acquired a new stake in shares of Enpro Inc. (NYSE:NPO) in the 4th quarter, Holdings Channel reports. The firm acquired 10,500 shares of the industrial products company’s stock, valued at approximately $1,646,000.

Several other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of Enpro by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 282,082 shares of the industrial products company’s stock worth $34,186,000 after acquiring an additional 56,757 shares during the last quarter. Welch Group LLC bought a new stake in shares of Enpro in the 4th quarter worth about $313,000. Nordea Investment Management AB lifted its holdings in shares of Enpro by 326.2% in the 3rd quarter. Nordea Investment Management AB now owns 17,237 shares of the industrial products company’s stock worth $2,115,000 after acquiring an additional 13,193 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Enpro by 352.5% in the 3rd quarter. Kennedy Capital Management LLC now owns 64,937 shares of the industrial products company’s stock worth $7,870,000 after acquiring an additional 50,587 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its holdings in shares of Enpro by 7.2% in the 3rd quarter. Congress Asset Management Co. MA now owns 263,793 shares of the industrial products company’s stock worth $31,969,000 after acquiring an additional 17,631 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Enpro from a “c+” rating to a “b-” rating in a report on Thursday, February 1st.

Insider Buying and Selling at Enpro

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Der Graaf Kees Van sold 1,200 shares of Enpro stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Savage Mclean sold 6,400 shares of Enpro stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,961 shares in the company, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Enpro Price Performance

Enpro stock opened at $148.88 on Friday. Enpro Inc. has a 12-month low of $92.04 and a 12-month high of $170.63. The firm has a 50-day moving average price of $159.21 and a 200-day moving average price of $144.56. The firm has a market capitalization of $3.12 billion, a PE ratio of 140.45 and a beta of 1.55. The company has a current ratio of 3.31, a quick ratio of 2.59 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.28). Enpro had a net margin of 2.10% and a return on equity of 9.67%. The company had revenue of $241.90 million for the quarter, compared to the consensus estimate of $264.10 million. During the same quarter in the previous year, the business earned $1.47 EPS. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Enpro Inc. will post 7.43 EPS for the current year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a dividend of $0.30 per share. This is a positive change from Enpro’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. Enpro’s dividend payout ratio (DPR) is presently 113.21%.

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.