HighTower Advisors LLC Raises Stock Position in Enpro Inc. (NYSE:NPO)

HighTower Advisors LLC raised its position in Enpro Inc. (NYSE:NPO) by 7.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,411 shares of the industrial products company’s stock after acquiring an additional 242 shares during the quarter. HighTower Advisors LLC’s holdings in Enpro were worth $553,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NPO. Bank of Montreal Can grew its stake in Enpro by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company’s stock valued at $395,000 after acquiring an additional 80 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Enpro by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock valued at $1,528,000 after buying an additional 100 shares during the period. Creative Planning raised its position in shares of Enpro by 3.1% during the 2nd quarter. Creative Planning now owns 3,501 shares of the industrial products company’s stock valued at $510,000 after buying an additional 106 shares during the period. Inspire Investing LLC increased its stake in Enpro by 5.1% during the third quarter. Inspire Investing LLC now owns 2,552 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 124 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Steven R. Bower sold 300 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now owns 130 shares of the company’s stock, valued at $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Enpro Stock Down 1.2 %

Shares of NYSE:NPO opened at $173.22 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 67.40 and a beta of 1.49. The firm’s 50 day moving average price is $170.67 and its 200 day moving average price is $159.95.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business had revenue of $260.90 million for the quarter, compared to analyst estimates of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 earnings per share. As a group, equities research analysts predict that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is 46.69%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday. KeyCorp boosted their price objective on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Oppenheimer lifted their target price on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th.

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.