PNC Financial Services Group Inc. Sells 110 Shares of Enpro Inc. (NYSE:NPO)

PNC Financial Services Group Inc. lessened its stake in Enpro Inc. (NYSE:NPO) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,771 shares of the industrial products company’s stock after selling 110 shares during the period. PNC Financial Services Group Inc.’s holdings in Enpro were worth $478,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NPO. Raymond James Financial Inc. bought a new position in Enpro in the 4th quarter worth approximately $11,067,000. Barclays PLC raised its position 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 valued at $9,845,000 after acquiring an additional 32,544 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Enpro during the 4th quarter valued at $2,379,000. New York State Common Retirement Fund raised its position in shares of Enpro by 112.0% during the 4th quarter. New York State Common Retirement Fund now owns 23,202 shares of the industrial products company’s stock valued at $4,001,000 after acquiring an additional 12,258 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Enpro by 80.7% during the 3rd quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock valued at $4,278,000 after acquiring an additional 11,785 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on NPO shares. Oppenheimer upped their target price on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. KeyCorp upped their target price on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Enpro Price Performance

NPO opened at $175.33 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 12 month low of $136.68 and a 12 month high of $214.58. The company has a fifty day simple moving average of $181.71 and a 200 day simple moving average of $171.53. The stock has a market cap of $3.72 billion, a P/E ratio of 50.67 and a beta of 1.52.

Enpro (NYSE:NPO) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. During the same quarter in the prior year, the company earned $1.19 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 0.71%. Enpro’s dividend payout ratio is presently 35.84%.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

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.