Brown Advisory Inc. reduced its holdings in shares of Enpro Inc. (NYSE:NPO – Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 513,463 shares of the industrial products company’s stock after selling 57,246 shares during the quarter. Brown Advisory Inc.’s holdings in Enpro were worth $109,948,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in NPO. Alliancebernstein L.P. boosted its position in shares of Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after acquiring an additional 386,406 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Enpro by 34.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after acquiring an additional 270,909 shares in the last quarter. Invesco Ltd. boosted its position in shares of Enpro by 26.5% during the 3rd quarter. Invesco Ltd. now owns 825,339 shares of the industrial products company’s stock worth $186,527,000 after acquiring an additional 172,991 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Enpro by 36,070.1% during the 4th quarter. Bessemer Group Inc. now owns 105,255 shares of the industrial products company’s stock worth $22,540,000 after acquiring an additional 104,964 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Enpro by 134.5% during the 2nd quarter. Sei Investments Co. now owns 110,361 shares of the industrial products company’s stock worth $21,140,000 after acquiring an additional 63,293 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.
Enpro Stock Down 0.0%
Enpro stock opened at $334.56 on Monday. Enpro Inc. has a fifty-two week low of $179.64 and a fifty-two week high of $341.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.40 and a current ratio of 2.20. The company has a market capitalization of $7.07 billion, a P/E ratio of 164.81, a PEG ratio of 2.44 and a beta of 1.55. The stock has a 50-day simple moving average of $298.17 and a 200-day simple moving average of $261.21.
Enpro Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Enpro’s payout ratio is presently 63.05%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Oppenheimer upped their price objective on Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Wall Street Zen cut Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings raised Enpro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, KeyCorp upped their price objective on Enpro from $310.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $315.00.
About Enpro
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.
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