Comerica Bank Has $1.63 Million Stock Position in Enpro Inc. (NYSE:NPO)

Comerica Bank lessened its stake in shares of Enpro Inc. (NYSE:NPO) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,430 shares of the industrial products company’s stock after selling 291 shares during the quarter. Comerica Bank’s holdings in Enpro were worth $1,626,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Enpro in the fourth quarter valued at about $60,000. Canada Pension Plan Investment Board acquired a new position in shares of Enpro in the fourth quarter valued at approximately $69,000. Sterling Capital Management LLC raised its holdings in Enpro by 786.6% in the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock valued at $102,000 after buying an additional 527 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Enpro by 386.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after buying an additional 514 shares during the period. Finally, KBC Group NV increased its position in Enpro by 34.2% in the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 227 shares during the period. 98.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Enpro Stock Performance

Shares of NPO opened at $174.34 on Friday. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $159.78 and its two-hundred day simple moving average is $171.46. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $214.58. The stock has a market capitalization of $3.67 billion, a P/E ratio of 50.39 and a beta of 1.51.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.57 by $0.33. The business had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. As a group, analysts predict that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. Enpro’s dividend payout ratio (DPR) is presently 35.84%.

Analysts Set New Price Targets

Several analysts recently weighed in on NPO shares. Sidoti raised shares of Enpro to a “strong-buy” rating in a research note on Wednesday, April 23rd. KeyCorp decreased their price target on Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th.

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.