Gabelli Funds LLC Sells 7,000 Shares of Enpro Inc. (NYSE:NPO)

Gabelli Funds LLC trimmed its holdings in shares of Enpro Inc. (NYSE:NPO) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 78,700 shares of the industrial products company’s stock after selling 7,000 shares during the period. Gabelli Funds LLC’s holdings in Enpro were worth $13,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. OFI Invest Asset Management purchased a new stake in shares of Enpro during the 4th quarter valued at $60,000. Wilmington Savings Fund Society FSB bought a new position in Enpro during the third quarter valued at about $99,000. Sterling Capital Management LLC increased its holdings in Enpro by 786.6% during the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock worth $102,000 after buying an additional 527 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Enpro by 386.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 514 shares during the period. Finally, KBC Group NV boosted its stake in Enpro by 34.2% in the fourth 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 last quarter. 98.31% of the stock is currently owned by institutional investors.

Enpro Price Performance

NPO opened at $144.21 on Thursday. The firm has a 50-day moving average price of $172.72 and a 200-day moving average price of $171.72. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 41.68 and a beta of 1.46.

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

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Wednesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.30. Enpro’s payout ratio is presently 35.84%.

Insider Activity

In related news, CAO Steven R. Bower sold 997 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NPO shares. KeyCorp decreased their price target on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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.