Rhumbline Advisers Has $10.01 Million Stake in Enpro Inc. (NYSE:NPO)

Rhumbline Advisers trimmed its holdings in Enpro Inc. (NYSE:NPO) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,872 shares of the industrial products company’s stock after selling 1,859 shares during the period. Rhumbline Advisers owned 0.29% of Enpro worth $10,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors raised its position in Enpro by 6.8% during the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company’s stock valued at $166,323,000 after purchasing an additional 60,998 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Enpro by 4.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company’s stock worth $163,947,000 after buying an additional 36,501 shares in the last quarter. Invesco Ltd. raised its stake in Enpro by 1.1% during the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company’s stock worth $123,725,000 after acquiring an additional 7,911 shares in the last quarter. Capital World Investors acquired a new position in Enpro during the fourth quarter worth about $108,825,000. Finally, Neuberger Berman Group LLC increased its position in Enpro by 23.2% during the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company’s stock worth $92,719,000 after purchasing an additional 101,257 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NPO. Sidoti upgraded shares of Enpro to a “strong-buy” rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. Finally, KeyCorp restated an “overweight” rating on shares of Enpro in a research report on Tuesday, June 3rd.

Enpro Trading Down 0.8%

Shares of NPO stock opened at $191.37 on Tuesday. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 55.31 and a beta of 1.59. The stock has a 50-day moving average of $164.70 and a 200-day moving average of $174.98. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.33. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, equities research analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.65%. Enpro’s dividend payout ratio is currently 30.85%.

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.