Envestnet Asset Management Inc. Sells 150 Shares of Enpro Inc. (NYSE:NPO)

Envestnet Asset Management Inc. decreased its holdings in Enpro Inc. (NYSE:NPO) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,008 shares of the industrial products company’s stock after selling 150 shares during the period. Envestnet Asset Management Inc. owned about 0.29% of Enpro worth $10,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Enpro in the first quarter valued at approximately $32,000. Canada Pension Plan Investment Board bought a new stake in Enpro in the fourth quarter valued at approximately $69,000. GAMMA Investing LLC raised its stake in Enpro by 94.5% in the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company’s stock valued at $81,000 after buying an additional 242 shares during the period. Sterling Capital Management LLC grew 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 last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Enpro in the fourth quarter valued at approximately $209,000. Institutional investors own 98.31% of the company’s stock.

Analyst Ratings Changes

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

Enpro Price Performance

Enpro stock opened at $204.28 on Monday. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 50.82 and a beta of 1.57. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $214.58. The company has a current ratio of 2.95, a quick ratio of 2.21 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $190.62 and its 200-day moving average is $177.40.

Enpro (NYSE:NPO) last issued 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. The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $266.23 million. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. Equities research analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Wednesday, June 4th. 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.