Townsquare Capital LLC Buys 2,377 Shares of Enpro Inc. (NYSE:NPO)

Townsquare Capital LLC raised its stake in shares of Enpro Inc. (NYSE:NPO) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,353 shares of the industrial products company’s stock after acquiring an additional 2,377 shares during the period. Townsquare Capital LLC owned about 0.08% of Enpro worth $2,993,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Enpro during the fourth quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Enpro during the 3rd quarter valued at $99,000. Sterling Capital Management LLC increased its position in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 527 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 purchasing an additional 514 shares during the period. Finally, KBC Group NV boosted its holdings 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 buying an additional 227 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Steven R. Bower sold 997 shares of the 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 filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Enpro Price Performance

NPO opened at $147.35 on Wednesday. The firm has a 50-day moving average price of $173.60 and a 200-day moving average price of $171.91. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 42.59 and a beta of 1.46.

Enpro (NYSE:NPO) last released its quarterly earnings data 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. The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. Enpro’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS. Equities 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. Shareholders of record on Wednesday, March 5th were paid a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.24 annualized dividend and a yield of 0.84%. This is an increase from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio (DPR) is currently 35.84%.

Wall Street Analysts Forecast Growth

Several analysts have commented on NPO shares. StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp reduced their price objective on Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th.

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.