ProShare Advisors LLC lowered its stake in shares of Enpro Inc. (NYSE:NPO – Free Report) by 6.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,238 shares of the industrial products company’s stock after selling 2,085 shares during the period. ProShare Advisors LLC’s holdings in Enpro were worth $6,475,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Westfuller Advisors LLC acquired a new position in shares of Enpro during the third quarter valued at about $25,000. Salomon & Ludwin LLC raised its position in shares of Enpro by 55.4% during the fourth quarter. Salomon & Ludwin LLC now owns 129 shares of the industrial products company’s stock valued at $29,000 after buying an additional 46 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of Enpro during the fourth quarter valued at about $32,000. Jones Financial Companies Lllp raised its position in shares of Enpro by 236.4% during the third quarter. Jones Financial Companies Lllp now owns 148 shares of the industrial products company’s stock valued at $33,000 after buying an additional 104 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Enpro by 36.2% during the second quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.
Enpro Stock Performance
NYSE:NPO opened at $308.57 on Friday. Enpro Inc. has a 12-month low of $173.63 and a 12-month high of $326.98. The company has a quick ratio of 1.40, a current ratio of 2.20 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $6.52 billion, a PE ratio of 152.00, a price-to-earnings-growth ratio of 2.21 and a beta of 1.56. The firm has a 50-day moving average price of $277.46 and a 200 day moving average price of $249.97.
Enpro Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. Enpro’s dividend payout ratio is currently 63.05%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on NPO. Weiss Ratings raised shares of Enpro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Oppenheimer increased their price target on shares of Enpro from $240.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. KeyCorp increased their price target on shares of Enpro from $310.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Enpro from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $315.00.
Get Our Latest Stock Analysis on Enpro
Insider Activity
In other Enpro news, Director John Humphrey sold 1,300 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $268.69, for a total transaction of $349,297.00. Following the sale, the director directly owned 3,200 shares of the company’s stock, valued at approximately $859,808. This represents a 28.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Felix M. Brueck sold 5,853 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $275.84, for a total transaction of $1,614,491.52. Following the sale, the director directly owned 1,567 shares in the company, valued at $432,241.28. This represents a 78.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,660 shares of company stock valued at $2,653,220 over the last three months. 1.60% of the stock is owned by corporate insiders.
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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