Aberdeen Group plc Sells 22,405 Shares of Enpro Inc. $NPO

Aberdeen Group plc decreased its stake in Enpro Inc. (NYSE:NPO) by 15.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,917 shares of the industrial products company’s stock after selling 22,405 shares during the period. Aberdeen Group plc owned 0.58% of Enpro worth $26,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cookson Peirce & Co. Inc. acquired a new position in Enpro during the third quarter valued at approximately $1,277,000. Public Sector Pension Investment Board raised its stake in shares of Enpro by 14.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 82,081 shares of the industrial products company’s stock worth $18,550,000 after purchasing an additional 10,327 shares in the last quarter. Connable Office Inc. bought a new stake in shares of Enpro during the 3rd quarter worth approximately $214,000. Johnson Investment Counsel Inc. acquired a new stake in shares of Enpro in the 3rd quarter valued at approximately $225,000. Finally, Profund Advisors LLC bought a new position in shares of Enpro in the third quarter valued at $217,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NPO shares. Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. KeyCorp upped their target price on shares of Enpro from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enpro in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Enpro presently has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Enpro Stock Down 1.0%

NPO stock opened at $269.77 on Wednesday. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $286.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.44 and a quick ratio of 1.69. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 66.28, a PEG ratio of 2.07 and a beta of 1.58. The business’s fifty day moving average price is $235.73 and its two-hundred day moving average price is $226.97.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. This is a boost from Enpro’s previous quarterly dividend of $0.31. Enpro’s dividend payout ratio (DPR) is currently 30.47%.

Enpro Profile

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.