Enpro Inc. $NPO Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its position in Enpro Inc. (NYSE:NPO) by 11.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,150 shares of the industrial products company’s stock after selling 15,772 shares during the quarter. Royal Bank of Canada’s holdings in Enpro were worth $31,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NPO. M&T Bank Corp acquired a new stake in shares of Enpro in the fourth quarter valued at approximately $8,935,000. UBS Group AG boosted its position in Enpro by 54.0% during the 4th quarter. UBS Group AG now owns 67,572 shares of the industrial products company’s stock worth $14,469,000 after acquiring an additional 23,705 shares during the period. Dana Investment Advisors Inc. boosted its position in Enpro by 128.0% during the 4th quarter. Dana Investment Advisors Inc. now owns 9,376 shares of the industrial products company’s stock worth $2,008,000 after acquiring an additional 5,263 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Enpro by 105,350.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,199 shares of the industrial products company’s stock worth $4,968,000 after purchasing an additional 23,177 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of Enpro by 7.5% in the fourth quarter. Royce & Associates LP now owns 258,577 shares of the industrial products company’s stock worth $55,369,000 after purchasing an additional 18,143 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings raised Enpro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. KeyCorp upped their price objective on shares of Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Enpro in a research report on Monday, July 20th. They issued an “overweight” rating and a $420.00 target price for the company. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Enpro has an average rating of “Moderate Buy” and an average target price of $358.33.

Enpro Price Performance

Shares of NYSE:NPO opened at $331.43 on Tuesday. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 163.27, a PEG ratio of 2.28 and a beta of 1.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.20 and a quick ratio of 1.40. Enpro Inc. has a 12 month low of $202.00 and a 12 month high of $390.42. The stock’s 50 day moving average price is $336.39 and its 200 day moving average price is $292.06.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Enpro had a return on equity of 11.33% and a net margin of 3.70%.The firm had revenue of $303.00 million during the quarter, compared to analyst estimates of $303.90 million. During the same period last year, the company posted $1.90 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that Enpro Inc. will post 9.16 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a $0.32 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Enpro’s dividend payout ratio is 63.05%.

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.