4,267 Shares in Enpro Inc. (NYSE:NPO) Purchased by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Enpro Inc. (NYSE:NPO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,267 shares of the industrial products company’s stock, valued at approximately $736,000.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Enpro in the third quarter valued at $99,000. KBC Group NV lifted its stake in shares of Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 130 shares during the last quarter. OLD National Bancorp IN purchased a new position in shares of Enpro during the 3rd quarter worth $200,000. Finally, Vista Finance LLC acquired a new stake in shares of Enpro during the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

NPO has been the topic of a number of recent analyst reports. KeyCorp upped their target price on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer upped their price objective on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Enpro Price Performance

NPO opened at $206.77 on Thursday. The stock’s 50-day moving average price is $179.30 and its 200 day moving average price is $167.63. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $214.58. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 80.46 and a beta of 1.49. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43.

Enpro (NYSE:NPO) last issued its quarterly 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 business had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $250.10 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share. As a group, sell-side analysts expect that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently declared 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 0.60%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio (DPR) is currently 46.69%.

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.