Royce & Associates LP Sells 26,100 Shares of Enpro Inc. (NYSE:NPO)

Royce & Associates LP cut its holdings in shares of Enpro Inc. (NYSE:NPO) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 337,143 shares of the industrial products company’s stock after selling 26,100 shares during the period. Royce & Associates LP’s holdings in Enpro were worth $58,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Sanctuary Advisors LLC increased its holdings in shares of Enpro by 5.8% during the fourth quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 86 shares during the period. Heritage Family Offices LLP increased its holdings in shares of Enpro by 4.7% during the fourth quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 87 shares during the period. KBC Group NV increased its holdings in shares of Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares during the period. HighTower Advisors LLC increased its holdings in shares of Enpro by 3.9% during the fourth quarter. HighTower Advisors LLC now owns 3,545 shares of the industrial products company’s stock worth $611,000 after purchasing an additional 134 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Enpro by 2.6% in the fourth quarter. Victory Capital Management Inc. now owns 6,884 shares of the industrial products company’s stock valued at $1,187,000 after acquiring an additional 172 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. KeyCorp lifted their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Enpro Stock Performance

NYSE NPO opened at $175.77 on Friday. The firm’s fifty day moving average price is $181.27 and its two-hundred day moving average price is $171.20. The stock has a market cap of $3.72 billion, a PE ratio of 50.80 and a beta of 1.52. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59.

Enpro (NYSE:NPO) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. On average, equities analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s payout ratio is presently 35.84%.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 997 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Enpro 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.