Intech Investment Management LLC Makes New Investment in Enpro Inc. (NYSE:NPO)

Intech Investment Management LLC acquired a new stake in Enpro Inc. (NYSE:NPO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,280 shares of the industrial products company’s stock, valued at approximately $477,000.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB purchased a new position in Enpro in the 1st quarter worth approximately $28,691,000. Norges Bank purchased a new position in shares of Enpro in the fourth quarter worth $24,026,000. F M Investments LLC bought a new position in shares of Enpro during the second quarter worth $14,315,000. Schroder Investment Management Group grew its stake in Enpro by 51.3% during the fourth quarter. Schroder Investment Management Group now owns 104,837 shares of the industrial products company’s stock valued at $16,432,000 after acquiring an additional 35,546 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its holdings in Enpro by 10.5% in the 1st quarter. Congress Asset Management Co. MA now owns 312,823 shares of the industrial products company’s stock valued at $52,795,000 after acquiring an additional 29,694 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

Enpro Price Performance

NYSE:NPO opened at $160.83 on Friday. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -1,148.79 and a beta of 1.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.90. The business has a 50 day simple moving average of $156.49 and a 200-day simple moving average of $154.08. Enpro Inc. has a 1 year low of $106.08 and a 1 year high of $176.13.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.23. The company had revenue of $271.90 million for the quarter, compared to analyst estimates of $270.90 million. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 EPS. Equities analysts forecast that Enpro Inc. will post 7.4 EPS for the current year.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, September 4th. Enpro’s dividend payout ratio (DPR) is presently -857.14%.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the sale, the chief accounting officer now directly owns 604 shares of the company’s stock, valued at approximately $90,636.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

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.