Mackenzie Financial Corp Makes New $203,000 Investment in Enpro Inc. (NYSE:NPO)

Mackenzie Financial Corp purchased a new stake in Enpro Inc. (NYSE:NPO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,294 shares of the industrial products company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its holdings in Enpro by 21.8% in the third quarter. FMR LLC now owns 948,511 shares of the industrial products company’s stock valued at $114,950,000 after acquiring an additional 169,848 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Enpro by 39.7% in the 3rd quarter. Jennison Associates LLC now owns 364,334 shares of the industrial products company’s stock valued at $44,154,000 after purchasing an additional 103,550 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Enpro by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 282,082 shares of the industrial products company’s stock worth $34,186,000 after purchasing an additional 56,757 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Enpro by 352.5% during the third quarter. Kennedy Capital Management LLC now owns 64,937 shares of the industrial products company’s stock worth $7,870,000 after purchasing an additional 50,587 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Enpro by 66.2% in the third quarter. Envestnet Asset Management Inc. now owns 72,332 shares of the industrial products company’s stock valued at $8,766,000 after buying an additional 28,801 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Insider Buying and Selling

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the completion of the sale, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at $4,585,105.52. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Enpro Stock Up 0.8 %

Shares of NYSE:NPO opened at $151.90 on Tuesday. The firm has a 50 day simple moving average of $157.83 and a 200-day simple moving average of $146.06. Enpro Inc. has a twelve month low of $93.23 and a twelve month high of $170.63. The company has a current ratio of 3.31, a quick ratio of 2.59 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.18 billion, a PE ratio of 143.30 and a beta of 1.55.

Enpro (NYSE:NPO) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $264.10 million. During the same period last year, the firm earned $1.47 earnings per share. Enpro’s revenue was down 11.0% on a year-over-year basis. On average, equities analysts predict that Enpro Inc. will post 7.43 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. Enpro’s dividend payout ratio is 113.21%.

Analysts Set New Price Targets

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

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.