Synovus Financial Corp Decreases Stock Position in Enpro Inc. (NYSE:NPO)

Synovus Financial Corp reduced its holdings in shares of Enpro Inc. (NYSE:NPO) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,399 shares of the industrial products company’s stock after selling 6,573 shares during the quarter. Synovus Financial Corp’s holdings in Enpro were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NPO. Invesco Ltd. grew its position in shares of Enpro by 1.1% in the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company’s stock valued at $123,725,000 after purchasing an additional 7,911 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in Enpro by 23.2% during the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company’s stock valued at $92,719,000 after buying an additional 101,257 shares during the last quarter. Geode Capital Management LLC grew its holdings in Enpro by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company’s stock valued at $78,545,000 after buying an additional 5,502 shares during the last quarter. Congress Asset Management Co. raised its stake in Enpro by 1.5% in the 4th quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company’s stock valued at $54,108,000 after purchasing an additional 4,717 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Enpro by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company’s stock worth $43,959,000 after purchasing an additional 5,742 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NPO shares. KeyCorp cut their price objective on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Enpro Stock Up 0.6 %

Shares of NPO opened at $147.35 on Wednesday. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $214.58. The company’s fifty day moving average is $173.60 and its two-hundred day moving average is $171.91. The firm has a market cap of $3.10 billion, a PE ratio of 42.59 and a beta of 1.46. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44.

Enpro (NYSE:NPO) last issued its earnings results 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 firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.19 earnings per share. Analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.31 dividend. This is a positive change from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.24 annualized dividend and a yield of 0.84%. Enpro’s dividend payout ratio (DPR) is presently 35.84%.

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.