OFI Invest Asset Management Invests $60,000 in Enpro Inc. (NYSE:NPO)

OFI Invest Asset Management acquired a new position in shares of Enpro Inc. (NYSE:NPO) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 360 shares of the industrial products company’s stock, valued at approximately $60,000.

Several other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC lifted its position in shares of Enpro by 5.8% during the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 86 shares during the last quarter. Heritage Family Offices LLP lifted its position in shares of Enpro by 4.7% during the 4th quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 87 shares during the last quarter. KBC Group NV lifted its position in shares of Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Enpro by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 6,884 shares of the industrial products company’s stock worth $1,187,000 after purchasing an additional 172 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Enpro by 7.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,411 shares of the industrial products company’s stock worth $553,000 after purchasing an additional 242 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Enpro Price Performance

Shares of NPO opened at $169.71 on Tuesday. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $214.58. The stock has a market cap of $3.60 billion, a PE ratio of 49.05 and a beta of 1.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The firm has a fifty day moving average price of $181.29 and a 200 day moving average price of $170.83.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share 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 firm had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. During the same period in the previous year, the company earned $1.19 earnings per share. Enpro’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, March 5th. Enpro’s dividend payout ratio is presently 35.84%.

Analysts Set New Price Targets

NPO has been the subject of several recent analyst reports. Oppenheimer lifted their price objective on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. KeyCorp boosted their price target 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 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.