4,267 Shares in Enpro Inc. (NYSE:NPO) Acquired by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Enpro Inc. (NYSE:NPO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,267 shares of the industrial products company’s stock, valued at approximately $736,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synovus Financial Corp increased its holdings in Enpro by 102.7% in the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock valued at $2,266,000 after buying an additional 7,078 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Enpro by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company’s stock worth $17,235,000 after acquiring an additional 4,123 shares in the last quarter. Belmont Capital LLC purchased a new position in shares of Enpro in the 3rd quarter valued at about $565,000. Stifel Financial Corp raised its position in shares of Enpro by 10.6% during the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock worth $1,689,000 after acquiring an additional 995 shares in the last quarter. Finally, Harvey Partners LLC raised its position in shares of Enpro by 1.9% during the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company’s stock worth $34,463,000 after acquiring an additional 4,000 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NPO shares. StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp increased their target price 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, Oppenheimer lifted their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th.

Enpro Stock Up 5.8 %

Shares of NYSE NPO opened at $206.77 on Thursday. The business has a 50-day moving average price of $179.30 and a 200 day moving average price of $167.63. The stock has a market cap of $4.34 billion, a PE ratio of 80.46 and a beta of 1.49. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. Enpro Inc. has a 52-week low of $136.68 and a 52-week high of $214.58.

Enpro (NYSE:NPO) last issued 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 company had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 earnings per share. Equities research analysts forecast that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.31 per share. This is an increase from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.60%. The ex-dividend date is Wednesday, March 5th. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

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.