LPL Financial LLC Increases Holdings in Enpro Inc. (NYSE:NPO)

LPL Financial LLC increased its stake in shares of Enpro Inc. (NYSE:NPO) by 12.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,766 shares of the industrial products company’s stock after buying an additional 2,375 shares during the quarter. LPL Financial LLC owned about 0.10% of Enpro worth $3,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in Enpro in the fourth quarter valued at $108,825,000. Bamco Inc. NY acquired a new stake in shares of Enpro in the fourth quarter valued at $24,208,000. GAMMA Investing LLC grew its stake in shares of Enpro by 31,373.0% in the first quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company’s stock valued at $13,036,000 after buying an additional 80,315 shares in the last quarter. Capital International Investors grew its stake in shares of Enpro by 6.8% in the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company’s stock valued at $166,323,000 after buying an additional 60,998 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Enpro by 20.8% in the fourth quarter. Northern Trust Corp now owns 268,542 shares of the industrial products company’s stock valued at $46,310,000 after buying an additional 46,191 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NPO. KeyCorp lifted their price objective on Enpro from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Sidoti raised Enpro to a “strong-buy” rating in a research note on Wednesday, April 23rd. Finally, Oppenheimer lifted their price objective on Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th.

Enpro Trading Down 0.8%

NYSE:NPO opened at $222.80 on Friday. The stock has a 50-day simple moving average of $203.28 and a 200-day simple moving average of $183.34. The stock has a market cap of $4.69 billion, a P/E ratio of 55.70, a P/E/G ratio of 2.23 and a beta of 1.62. Enpro Inc. has a 1 year low of $133.50 and a 1 year high of $231.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 2.49.

Enpro (NYSE:NPO) last released 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 business had revenue of $288.10 million for the quarter, compared to analyst estimates of $283.83 million. Enpro had a return on equity of 10.49% and a net margin of 7.83%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.08 earnings per share. As a group, analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.31 per share. 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 is currently 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.