Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Enpro Inc. (NYSE:NPO – Free Report) by 89.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,310 shares of the industrial products company’s stock after selling 10,883 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Enpro were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank increased its holdings in Enpro by 106.3% in the second quarter. Huntington National Bank now owns 165 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Maseco LLP acquired a new stake in shares of Enpro during the 2nd quarter worth approximately $36,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Enpro in the 2nd quarter valued at $42,000. UMB Bank n.a. lifted its position in shares of Enpro by 57.7% during the 2nd quarter. UMB Bank n.a. now owns 328 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 120 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Enpro during the 1st quarter valued at $115,000. Institutional investors own 98.31% of the company’s stock.
Enpro Stock Performance
Shares of NPO stock opened at $222.85 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The company has a market cap of $4.69 billion, a P/E ratio of 55.71, a P/E/G ratio of 2.27 and a beta of 1.60. Enpro Inc. has a one year low of $133.50 and a one year high of $248.88. The firm has a 50-day moving average of $222.48 and a 200-day moving average of $210.77.
Enpro Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Enpro’s payout ratio is 30.47%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Enpro from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Zacks Research lowered Enpro from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. KeyCorp raised their price objective on Enpro from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $245.00.
About Enpro
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.
Further Reading
- Five stocks we like better than Enpro
- Why Invest in High-Yield Dividend Stocks?
- Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care
- 5 Top Rated Dividend Stocks to Consider
- SoFi Technologies: From Fintech Speculation to Profit Engine
- Why Are Stock Sectors Important to Successful Investing?
- Gold to $5,000? What Bank of America and UBS Have to Say
Want to see what other hedge funds are holding NPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enpro Inc. (NYSE:NPO – Free Report).
Receive News & Ratings for Enpro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enpro and related companies with MarketBeat.com's FREE daily email newsletter.
