Alliancebernstein L.P. Acquires 776 Shares of Enpro Inc. (NYSE:NPO)

Alliancebernstein L.P. boosted its holdings in Enpro Inc. (NYSE:NPO) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,377 shares of the industrial products company’s stock after acquiring an additional 776 shares during the period. Alliancebernstein L.P. owned 0.11% of Enpro worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NPO. Verition Fund Management LLC bought a new position in shares of Enpro in the third quarter valued at about $222,000. HighTower Advisors LLC raised its holdings in Enpro by 7.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,411 shares of the industrial products company’s stock valued at $553,000 after acquiring an additional 242 shares during the period. Stifel Financial Corp lifted its position in Enpro by 10.6% during the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock worth $1,689,000 after acquiring an additional 995 shares during the last quarter. State Street Corp boosted its holdings in shares of Enpro by 1.1% during the third quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock worth $130,972,000 after acquiring an additional 9,127 shares during the period. Finally, Barclays PLC grew its position in shares of Enpro by 115.6% in the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after purchasing an additional 32,544 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Price Performance

Enpro stock opened at $147.17 on Monday. The firm has a market cap of $3.10 billion, a PE ratio of 42.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The stock’s fifty day moving average price is $175.30 and its two-hundred day moving average price is $172.19. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $250.10 million. During the same quarter last year, the business earned $1.19 earnings per share. Enpro’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio is 35.84%.

Analyst Ratings Changes

Several analysts recently issued reports on NPO shares. StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Oppenheimer boosted their target price on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, KeyCorp lowered their price target on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th.

Insider Buying and Selling

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

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.