Bahl & Gaynor Inc. Grows Position in Enpro Inc. (NYSE:NPO)

Bahl & Gaynor Inc. lifted its holdings in Enpro Inc. (NYSE:NPO) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,769 shares of the industrial products company’s stock after buying an additional 418 shares during the period. Bahl & Gaynor Inc. owned approximately 0.16% of Enpro worth $5,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NPO. Simplex Trading LLC raised its holdings in Enpro by 5,227.3% in the 4th quarter. Simplex Trading LLC now owns 1,172 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 1,150 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Enpro by 6.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 19,589 shares of the industrial products company’s stock valued at $3,070,000 after purchasing an additional 1,267 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Enpro by 21.0% in the fourth quarter. Jennison Associates LLC now owns 441,018 shares of the industrial products company’s stock valued at $69,125,000 after purchasing an additional 76,684 shares during the last quarter. Federated Hermes Inc. lifted its position in Enpro by 23.0% during the fourth quarter. Federated Hermes Inc. now owns 19,424 shares of the industrial products company’s stock worth $3,045,000 after buying an additional 3,630 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enpro by 13.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,472 shares of the industrial products company’s stock worth $701,000 after buying an additional 544 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, TheStreet raised Enpro from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st.

Insider Buying and Selling

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Robert Savage Mclean sold 6,400 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the sale, the chief accounting officer now owns 28,961 shares in the company, valued at approximately $4,585,105.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Enpro Trading Up 1.0 %

NPO stock traded up $1.44 during trading on Friday, reaching $150.82. 117,382 shares of the stock were exchanged, compared to its average volume of 97,384. The company has a current ratio of 3.31, a quick ratio of 2.59 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 141.30 and a beta of 1.55. The business has a 50 day moving average price of $158.39 and a 200-day moving average price of $145.37. Enpro Inc. has a 1 year low of $92.88 and a 1 year high of $170.63.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.28). Enpro had a return on equity of 9.67% and a net margin of 2.10%. The firm had revenue of $241.90 million for the quarter, compared to analyst estimates of $264.10 million. During the same quarter in the prior year, the business earned $1.47 EPS. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. On average, research analysts predict that Enpro Inc. will post 7.43 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.29. Enpro’s dividend payout ratio is 113.21%.

Enpro Company 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.