Principal Financial Group Inc. Purchases 2,691 Shares of Enpro Inc. (NYSE:NPO)

Principal Financial Group Inc. boosted its position in Enpro Inc. (NYSE:NPO) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,564 shares of the industrial products company’s stock after purchasing an additional 2,691 shares during the period. Principal Financial Group Inc. owned about 0.50% of Enpro worth $16,917,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital World Investors purchased a new stake in Enpro during the 4th quarter valued at approximately $108,825,000. Bamco Inc. NY purchased a new stake in shares of Enpro in the fourth quarter valued at approximately $24,208,000. Neuberger Berman Group LLC grew its holdings 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 acquiring an additional 101,257 shares in the last quarter. GAMMA Investing LLC boosted its position in Enpro by 31,373.0% during the 1st quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company’s stock valued at $13,036,000 after acquiring an additional 80,315 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Enpro in the 4th quarter worth approximately $11,067,000. 98.31% of the stock is currently owned by institutional investors.

Enpro Stock Down 0.5%

Shares of NYSE:NPO opened at $203.97 on Friday. The firm’s 50-day moving average is $187.19 and its two-hundred day moving average is $176.26. The firm has a market capitalization of $4.29 billion, a PE ratio of 50.74 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.95 and a quick ratio of 2.21. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $214.58.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.57 by $0.33. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. During the same quarter in the prior year, the company posted $1.57 earnings per share. Enpro’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.61%. Enpro’s dividend payout ratio (DPR) is presently 30.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp reiterated an “overweight” rating on shares of Enpro in a research note on Tuesday, June 3rd. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a report on Tuesday, May 20th. Finally, Sidoti raised shares of Enpro to a “strong-buy” rating in a research note on Wednesday, April 23rd.

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.