Enpro Inc. (NYSE:NPO) Stake Decreased by Trigran Investments Inc.

Trigran Investments Inc. cut its holdings in Enpro Inc. (NYSE:NPO) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,246 shares of the industrial products company’s stock after selling 5,660 shares during the quarter. Enpro accounts for 6.6% of Trigran Investments Inc.’s portfolio, making the stock its 8th biggest holding. Trigran Investments Inc.’s holdings in Enpro were worth $45,017,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Aberdeen Group plc boosted its stake in shares of Enpro by 12.1% in the first quarter. Aberdeen Group plc now owns 164,437 shares of the industrial products company’s stock valued at $26,604,000 after buying an additional 17,772 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Enpro during the first quarter worth $309,000. Informed Momentum Co LLC acquired a new position in Enpro during the first quarter worth $1,968,000. HighTower Advisors LLC raised its holdings in Enpro by 8.5% during the first quarter. HighTower Advisors LLC now owns 3,847 shares of the industrial products company’s stock worth $622,000 after purchasing an additional 302 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Enpro by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 66,540 shares of the industrial products company’s stock worth $10,766,000 after purchasing an additional 14,263 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NPO has been the subject of several research reports. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. Sidoti raised Enpro to a “strong-buy” rating in a report on Wednesday, April 23rd. KeyCorp lifted their price objective on Enpro from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Finally, Oppenheimer lifted their price objective on Enpro from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th.

Enpro Stock Performance

NYSE NPO opened at $222.80 on Friday. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $231.94. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 55.70, a price-to-earnings-growth ratio of 2.23 and a beta of 1.62. The business has a fifty day moving average of $203.28 and a 200-day moving average of $183.34. The company has a quick ratio of 1.65, a current ratio of 2.49 and a debt-to-equity ratio of 0.31.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.05). Enpro had a return on equity of 10.49% and a net margin of 7.83%. The company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. During the same period last year, the firm earned $2.08 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts predict that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 3rd. Enpro’s payout ratio is 31.00%.

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.