Silvercrest Asset Management Group LLC Trims Stake in Enpro Inc. (NYSE:NPO)

Silvercrest Asset Management Group LLC cut its position in Enpro Inc. (NYSE:NPO) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,238 shares of the industrial products company’s stock after selling 506 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.24% of Enpro worth $8,836,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NPO. OFI Invest Asset Management acquired a new stake in shares of Enpro during the fourth quarter worth about $60,000. Canada Pension Plan Investment Board purchased a new stake in Enpro during the 4th quarter valued at approximately $69,000. Sterling Capital Management LLC lifted its position in Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 527 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Enpro by 386.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 514 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Enpro by 34.2% in the fourth quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Enpro Stock Performance

NYSE NPO opened at $185.10 on Monday. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 53.50 and a beta of 1.51. The business’s 50 day moving average is $160.72 and its two-hundred day moving average is $172.84. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.33. The firm had revenue of $273.20 million for the quarter, compared to the consensus estimate of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. Research analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.67%. Enpro’s dividend payout ratio is presently 30.85%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. KeyCorp decreased their price target on Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Sidoti upgraded shares of Enpro to a “strong-buy” rating in a research note on Wednesday, April 23rd.

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.