Redwood Investments LLC Acquires 2,456 Shares of Enpro Inc. (NYSE:NPO)

Redwood Investments LLC boosted its stake in Enpro Inc. (NYSE:NPO) by 30.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,525 shares of the industrial products company’s stock after acquiring an additional 2,456 shares during the period. Redwood Investments LLC’s holdings in Enpro were worth $1,815,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the business. Man Group plc purchased a new stake in shares of Enpro during the fourth quarter worth about $488,000. Nuveen Asset Management LLC lifted its stake in shares of Enpro by 8.8% in the 4th quarter. Nuveen Asset Management LLC now owns 193,696 shares of the industrial products company’s stock valued at $33,403,000 after purchasing an additional 15,612 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Enpro in the 4th quarter worth about $345,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Enpro by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,954 shares of the industrial products company’s stock worth $2,061,000 after acquiring an additional 467 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Enpro by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 186,391 shares of the industrial products company’s stock valued at $32,144,000 after acquiring an additional 17,458 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

Shares of NYSE NPO opened at $181.70 on Thursday. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week 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 stock has a market cap of $3.82 billion, a P/E ratio of 52.51 and a beta of 1.51. The firm’s 50-day simple moving average is $160.19 and its 200 day simple moving average is $172.02.

Enpro (NYSE:NPO) last announced 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 firm had revenue of $273.20 million for the quarter, compared to the consensus estimate of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. Equities analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Announces Dividend

The business also recently announced 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 is Wednesday, June 4th. This represents a $1.24 annualized dividend and a dividend yield of 0.68%. Enpro’s payout ratio is currently 30.85%.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NPO. KeyCorp reduced their price target on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Sidoti upgraded Enpro to a “strong-buy” rating in a report on Wednesday, April 23rd.

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.