Corient Private Wealth LLC Sells 3,754 Shares of Enpro Inc. (NYSE:NPO)

Corient Private Wealth LLC cut its holdings in shares of Enpro Inc. (NYSE:NPO) by 71.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,537 shares of the industrial products company’s stock after selling 3,754 shares during the period. Corient Private Wealth LLC’s holdings in Enpro were worth $265,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new stake in shares of Enpro in the fourth quarter worth approximately $60,000. Wilmington Savings Fund Society FSB bought a new position in Enpro during the 3rd quarter valued at $99,000. Smartleaf Asset Management LLC boosted its holdings in Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 514 shares during the last quarter. KBC Group NV grew its stake in shares of Enpro by 34.2% in the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 227 shares in the last quarter. Finally, Vista Finance LLC bought a new position in shares of Enpro during the fourth quarter valued at about $204,000. Institutional investors own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Enpro Trading Down 1.0 %

NYSE:NPO opened at $161.65 on Tuesday. Enpro Inc. has a 12 month low of $136.68 and a 12 month high of $214.58. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $182.45 and its 200 day moving average is $173.01. The stock has a market capitalization of $3.40 billion, a PE ratio of 46.72 and a beta of 1.52.

Enpro (NYSE:NPO) last issued its quarterly earnings results 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 return on equity of 10.25% and a net margin of 6.95%. The firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $250.10 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.24 annualized dividend and a dividend yield of 0.77%. This is a positive change from Enpro’s previous quarterly dividend of $0.30. Enpro’s payout ratio is 35.84%.

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.