First National Bank of Omaha Buys New Shares in Enpro Inc. $NPO

First National Bank of Omaha purchased a new position in shares of Enpro Inc. (NYSE:NPO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,412 shares of the industrial products company’s stock, valued at approximately $3,483,000.

A number of other hedge funds also recently made changes to their positions in the stock. Alliancebernstein L.P. grew its stake in shares of Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock valued at $78,497,000 after buying an additional 386,406 shares during the period. Wasatch Advisors LP boosted its holdings in Enpro by 34.1% in the second quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock valued at $204,152,000 after acquiring an additional 270,909 shares during the last quarter. Tributary Capital Management LLC grew its position in Enpro by 90.2% during the third quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock valued at $72,261,000 after acquiring an additional 151,661 shares during the period. Laurel Wealth Advisors LLC grew its position in Enpro by 19,055.1% during the second quarter. Laurel Wealth Advisors LLC now owns 65,702 shares of the industrial products company’s stock valued at $12,585,000 after acquiring an additional 65,359 shares during the period. Finally, Sei Investments Co. increased its stake in Enpro by 134.5% during the second quarter. Sei Investments Co. now owns 110,361 shares of the industrial products company’s stock worth $21,140,000 after acquiring an additional 63,293 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Stock Performance

Shares of NYSE:NPO opened at $269.77 on Wednesday. The business’s 50-day simple moving average is $235.73 and its 200 day simple moving average is $226.97. The company has a market cap of $5.68 billion, a P/E ratio of 66.28, a PEG ratio of 2.07 and a beta of 1.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 2.44. Enpro Inc. has a one year low of $133.50 and a one year high of $286.09.

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This is an increase from Enpro’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.5%. Enpro’s dividend payout ratio is presently 30.47%.

Analyst Ratings Changes

NPO has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enpro in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, KeyCorp boosted their price objective on shares of Enpro from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Enpro has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.

Enpro Profile

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.