Legal & General Group Plc Lowers Stock Holdings in Enpro Inc. (NYSE:NPO)

Legal & General Group Plc trimmed its holdings in Enpro Inc. (NYSE:NPO) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,643 shares of the industrial products company’s stock after selling 1,363 shares during the quarter. Legal & General Group Plc’s holdings in Enpro were worth $10,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Invesco Ltd. raised its position in shares of Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company’s stock worth $123,725,000 after purchasing an additional 7,911 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Enpro by 1.1% during the third quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company’s stock valued at $78,545,000 after purchasing an additional 5,502 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of Enpro by 1.5% during 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 buying an additional 4,717 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Enpro by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 254,907 shares of the industrial products company’s stock valued at $43,959,000 after acquiring an additional 5,742 shares during the period. Finally, Tributary Capital Management LLC lifted its stake in shares of Enpro by 0.9% in the 4th quarter. Tributary Capital Management LLC now owns 185,309 shares of the industrial products company’s stock worth $31,957,000 after purchasing an additional 1,727 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Stock Performance

NYSE:NPO opened at $144.04 on Friday. The stock has a market capitalization of $3.03 billion, a P/E ratio of 41.63 and a beta of 1.46. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The stock has a 50-day moving average price of $171.75 and a 200 day moving average price of $171.60.

Enpro (NYSE:NPO) last issued 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. 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 business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. Equities research analysts forecast that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

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

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp lowered their target price on Enpro from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report 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.