Ameriprise Financial Inc. Has $8.25 Million Holdings in Enpro Inc. (NYSE:NPO)

Ameriprise Financial Inc. trimmed its holdings in shares of Enpro Inc. (NYSE:NPO) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,842 shares of the industrial products company’s stock after selling 4,072 shares during the period. Ameriprise Financial Inc. owned approximately 0.23% of Enpro worth $8,250,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in NPO. OFI Invest Asset Management acquired a new stake in shares of Enpro during the 4th quarter worth approximately $60,000. Canada Pension Plan Investment Board bought a new position in shares of Enpro in the fourth quarter valued at about $69,000. Sterling Capital Management LLC raised its position in shares of Enpro by 786.6% in the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 527 shares during the period. Smartleaf Asset Management LLC increased its position in Enpro by 386.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 514 shares during the period. Finally, KBC Group NV grew its stake in Enpro by 34.2% during the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock worth $154,000 after buying an additional 227 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Insider Activity

In other 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 transaction of $199,061.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Enpro Stock Up 0.1%

Shares of NYSE NPO opened at $185.08 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. Enpro Inc. has a one year low of $133.50 and a one year high of $214.58. The stock has a market capitalization of $3.89 billion, a P/E ratio of 53.49 and a beta of 1.51. The firm’s 50 day simple moving average is $161.31 and its two-hundred day simple moving average is $173.19.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.33. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $266.23 million. During the same quarter in the previous year, the business posted $1.57 EPS. Enpro’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.67%. Enpro’s payout ratio is 30.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. KeyCorp lowered their target price on Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. StockNews.com upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Sidoti upgraded shares of Enpro to a “strong-buy” rating in a research report on Wednesday, April 23rd.

About Enpro

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.