Heritage Family Offices LLP Increases Stock Holdings in Enpro Inc. (NYSE:NPO)

Heritage Family Offices LLP boosted its stake in Enpro Inc. (NYSE:NPO) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,934 shares of the industrial products company’s stock after acquiring an additional 87 shares during the quarter. Heritage Family Offices LLP’s holdings in Enpro were worth $334,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. boosted its position in Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after buying an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro during the third quarter valued at about $99,000. KBC Group NV increased its position in shares of Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 130 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new position in shares of Enpro in the third quarter worth about $200,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 300 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the sale, the chief accounting officer now owns 130 shares in the company, valued at $21,125. This represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

Enpro Stock Up 0.9 %

Shares of Enpro stock opened at $168.17 on Thursday. The business has a 50-day moving average price of $177.03 and a 200 day moving average price of $162.87. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The firm has a market cap of $3.53 billion, a P/E ratio of 65.44 and a beta of 1.50. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $264.47 million. During the same quarter last year, the firm posted $1.58 earnings per share. Enpro’s revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts forecast that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a $0.30 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. Enpro’s payout ratio 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.