Principal Financial Group Inc. Has $16.04 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Principal Financial Group Inc. lessened its holdings in Enpro Inc. (NYSE:NPO) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,924 shares of the industrial products company’s stock after selling 4,516 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Enpro worth $16,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC increased its stake in shares of Enpro by 115.6% during the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock worth $9,845,000 after purchasing an additional 32,544 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Enpro by 129.7% during the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock worth $4,280,000 after purchasing an additional 16,600 shares during the period. Congress Asset Management Co. raised its stake in Enpro by 4.2% in the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock valued at $50,120,000 after buying an additional 12,316 shares during the period. Citigroup Inc. lifted its position in shares of Enpro by 80.7% in the third quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock valued at $4,278,000 after buying an additional 11,785 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock worth $201,385,000 after buying an additional 11,643 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

NPO has been the topic of several research reports. Oppenheimer upped 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. StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, KeyCorp raised their price target on shares of Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th.

Insider Activity

In other news, CAO Steven R. Bower sold 300 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares of the company’s stock, valued at approximately $21,125. This represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Enpro Price Performance

Enpro stock opened at $173.54 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $197.94. The stock has a market capitalization of $3.64 billion, a P/E ratio of 67.53 and a beta of 1.49. The stock has a fifty day moving average of $172.00 and a 200-day moving average of $160.62.

Enpro (NYSE:NPO) last announced its quarterly earnings results 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 company 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 firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $1.58 earnings per share. On average, sell-side analysts expect that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Announces Dividend

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

About Enpro

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.