Enpro Inc. (NYSE:NPO) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in shares of Enpro Inc. (NYSE:NPO) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,150 shares of the industrial products company’s stock after selling 782 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Enpro were worth $1,923,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Synovus Financial Corp increased its holdings in shares of Enpro by 102.7% during the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock valued at $2,266,000 after acquiring an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Enpro by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company’s stock valued at $17,235,000 after buying an additional 4,123 shares during the last quarter. Belmont Capital LLC purchased a new stake in Enpro in the third quarter valued at approximately $565,000. Stifel Financial Corp boosted its position in Enpro by 10.6% in the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock valued at $1,689,000 after buying an additional 995 shares during the last quarter. Finally, Harvey Partners LLC boosted its position in Enpro by 1.9% in the third quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company’s stock valued at $34,463,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 997 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NPO shares. Oppenheimer upped their target price on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, KeyCorp upped their target price on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th.

Enpro Trading Down 2.4 %

Enpro stock opened at $181.60 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. Enpro Inc. has a 12 month low of $136.68 and a 12 month high of $214.58. The stock’s 50 day simple moving average is $180.85 and its two-hundred day simple moving average is $169.52. The firm has a market cap of $3.85 billion, a PE ratio of 52.49 and a beta of 1.49.

Enpro (NYSE:NPO) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 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 business had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. During the same quarter in the prior year, the firm posted $1.19 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio is currently 35.84%.

Enpro 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.