Bank of New York Mellon Corp Lowers Stock Position in Enpro Inc. (NYSE:NPO)

Bank of New York Mellon Corp reduced its position in Enpro Inc. (NYSE:NPO) by 15.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,644 shares of the industrial products company’s stock after selling 37,599 shares during the period. Bank of New York Mellon Corp owned approximately 0.96% of Enpro worth $32,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NPO. Principal Financial Group Inc. raised its holdings in shares of Enpro by 2.6% during the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company’s stock worth $16,917,000 after acquiring an additional 2,691 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Enpro in the first quarter valued at approximately $495,000. Illinois Municipal Retirement Fund raised its position in Enpro by 1.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,268 shares of the industrial products company’s stock worth $1,823,000 after purchasing an additional 118 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Enpro in the 1st quarter worth approximately $1,720,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

NPO has been the topic of a number of research analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Enpro in a report on Tuesday, June 3rd. Sidoti raised shares of Enpro to a “strong-buy” rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th.

Enpro Trading Down 1.1%

Shares of NYSE NPO opened at $201.81 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 2.95. The firm’s 50 day moving average price is $188.87 and its 200-day moving average price is $176.66. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The company has a market cap of $4.25 billion, a PE ratio of 50.20 and a beta of 1.57.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.33. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $266.23 million. During the same quarter in the prior year, the business earned $1.57 earnings per share. Enpro’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.61%. The ex-dividend date was Wednesday, June 4th. Enpro’s payout ratio is 30.85%.

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.