PNC Financial Services Group Inc. Cuts Stake in Enpro Inc. (NYSE:NPO)

PNC Financial Services Group Inc. lowered its holdings in shares of Enpro Inc. (NYSE:NPO) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,465 shares of the industrial products company’s stock after selling 306 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Enpro were worth $399,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Enpro during the first quarter worth about $32,000. Canada Pension Plan Investment Board purchased a new stake in shares of Enpro during the fourth quarter worth about $69,000. GAMMA Investing LLC grew its position in shares of Enpro by 94.5% during the first quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 242 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock valued at $102,000 after buying an additional 527 shares in the last quarter. Finally, Vista Finance LLC grew its holdings in Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company’s stock valued at $205,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NPO. Oppenheimer raised their price target on Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Sidoti upgraded Enpro to a “strong-buy” rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Finally, KeyCorp raised their price target on Enpro from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th.

Enpro Stock Performance

NYSE NPO opened at $224.65 on Friday. The stock has a market capitalization of $4.73 billion, a PE ratio of 56.16, a P/E/G ratio of 2.32 and a beta of 1.62. The business has a 50 day simple moving average of $202.67 and a two-hundred day simple moving average of $183.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $231.94.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). The company had revenue of $288.10 million during the quarter, compared to the consensus estimate of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. Enpro’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.08 earnings per share. On average, research analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro’s dividend payout ratio (DPR) is presently 31.00%.

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.