JPMorgan Chase & Co. Purchases 4,123 Shares of Enpro Inc. (NYSE:NPO)

JPMorgan Chase & Co. boosted its position in shares of Enpro Inc. (NYSE:NPO) by 4.0% in the third quarter, HoldingsChannel reports. The fund owned 106,271 shares of the industrial products company’s stock after purchasing an additional 4,123 shares during the quarter. JPMorgan Chase & Co.’s holdings in Enpro were worth $17,235,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Synovus Financial Corp lifted its holdings in shares of Enpro by 102.7% during the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock valued at $2,266,000 after purchasing an additional 7,078 shares during the last quarter. Renaissance Technologies LLC raised its stake in Enpro by 129.7% in the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after buying an additional 16,600 shares during the last quarter. Belmont Capital LLC acquired a new stake in Enpro in the third quarter worth about $565,000. TD Asset Management Inc grew its stake in shares of Enpro by 24.5% during the second quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company’s stock worth $2,717,000 after acquiring an additional 3,674 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Enpro by 10.6% during the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock valued at $1,689,000 after acquiring an additional 995 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Price Performance

Shares of NYSE:NPO opened at $164.73 on Friday. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $197.94. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.46 billion, a PE ratio of 64.10 and a beta of 1.50. The company’s 50 day moving average is $175.64 and its 200 day moving average is $162.17.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The business had revenue of $260.90 million during 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 revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 EPS. On average, sell-side analysts forecast that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.73%. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

Insider Transactions at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at approximately $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. KeyCorp boosted their target price 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. Oppenheimer boosted their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

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.