Wilmington Savings Fund Society FSB Makes New $99,000 Investment in Enpro Inc. (NYSE:NPO)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro Inc. (NYSE:NPO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 613 shares of the industrial products company’s stock, valued at approximately $99,000.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC raised 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 worth $4,280,000 after purchasing an additional 16,600 shares during the period. Belmont Capital LLC purchased a new position in shares of Enpro in the third quarter worth about $565,000. TD Asset Management Inc lifted its stake in shares of Enpro by 24.5% in the 2nd quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company’s stock valued at $2,717,000 after acquiring an additional 3,674 shares during the last quarter. Harvey Partners LLC boosted its holdings in Enpro by 1.9% during the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company’s stock valued at $34,463,000 after acquiring an additional 4,000 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in Enpro by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 140,657 shares of the industrial products company’s stock valued at $22,812,000 after acquiring an additional 5,051 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the transaction, the chief accounting officer now owns 130 shares of the company’s stock, valued at approximately $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Enpro Price Performance

Shares of NYSE NPO opened at $173.22 on Friday. Enpro Inc. has a 1 year low of $136.68 and a 1 year high of $197.94. The stock has a market capitalization of $3.64 billion, a P/E ratio of 67.40 and a beta of 1.49. The company’s 50-day moving average is $170.67 and its 200 day moving average is $159.95. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00.

Enpro (NYSE:NPO) last posted its 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 return on equity of 9.71% and a net margin of 5.20%. The firm had revenue of $260.90 million for the quarter, compared to analysts’ expectations of $264.47 million. During the same quarter last year, the company posted $1.58 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. On average, sell-side analysts expect that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro’s dividend payout ratio is currently 46.69%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. KeyCorp boosted their price objective on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Oppenheimer increased their price target on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th.

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.