Tributary Capital Management LLC Has $31.96 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Tributary Capital Management LLC increased its stake in shares of Enpro Inc. (NYSE:NPO) by 0.9% during the 4th quarter, Holdings Channel reports. The fund owned 185,309 shares of the industrial products company’s stock after acquiring an additional 1,727 shares during the period. Enpro comprises approximately 2.5% of Tributary Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Tributary Capital Management LLC’s holdings in Enpro were worth $31,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of NPO. Barclays PLC raised its holdings in shares of Enpro by 115.6% during the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after purchasing an additional 32,544 shares during the period. Renaissance Technologies LLC increased its position in Enpro by 129.7% in the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after buying an additional 16,600 shares in the last quarter. Congress Asset Management Co. raised its stake in Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after buying an additional 12,316 shares during the period. Citigroup Inc. boosted its holdings in Enpro by 80.7% in the third quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock worth $4,278,000 after acquiring an additional 11,785 shares in the last quarter. Finally, FMR LLC grew its stake in Enpro by 0.9% in the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after acquiring an additional 11,643 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Trading Up 0.5 %

NYSE NPO opened at $179.27 on Friday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $178.66 and a 200 day simple moving average of $164.29. Enpro Inc. has a 12 month low of $136.68 and a 12 month high of $197.94. The firm has a market capitalization of $3.76 billion, a P/E ratio of 69.76 and a beta of 1.50.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. During the same quarter in the prior year, the company earned $1.58 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro’s payout ratio is 46.69%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the sale, the chief accounting officer now owns 130 shares of the company’s stock, valued at approximately $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

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.