Arizona State Retirement System Grows Stock Holdings in Enpro Inc. (NYSE:NPO)

Arizona State Retirement System grew its holdings in shares of Enpro Inc. (NYSE:NPO) by 4.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,021 shares of the industrial products company’s stock after purchasing an additional 238 shares during the period. Arizona State Retirement System’s holdings in Enpro were worth $974,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital World Investors purchased a new stake in Enpro during the 4th quarter valued at about $108,825,000. Bamco Inc. NY purchased a new stake in Enpro during the 4th quarter valued at about $24,208,000. Neuberger Berman Group LLC grew 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 valued at $92,719,000 after purchasing an additional 101,257 shares during the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 80,315 shares during the last quarter. Finally, Capital International Investors grew its position in Enpro by 6.8% during the 4th 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 during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Price Performance

NPO opened at $204.28 on Monday. 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 stock has a market capitalization of $4.30 billion, a P/E ratio of 50.82 and a beta of 1.57. The company’s 50-day simple moving average is $190.62 and its two-hundred day simple moving average is $177.40. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.33. The business had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $266.23 million. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The business’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 business earned $1.57 EPS. As a group, analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on the stock. KeyCorp reissued an “overweight” rating on shares of Enpro in a research report on Tuesday, June 3rd. Sidoti raised shares of Enpro to a “strong-buy” rating in a research report 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 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.