Maryland State Retirement & Pension System Lowers Stake in Enpro Inc. (NYSE:NPO)

Maryland State Retirement & Pension System decreased its position in shares of Enpro Inc. (NYSE:NPO) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,598 shares of the industrial products company’s stock after selling 102 shares during the period. Maryland State Retirement & Pension System’s holdings in Enpro were worth $1,191,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Heritage Wealth Management LLC purchased a new stake in Enpro in the 4th quarter valued at about $326,000. Bahl & Gaynor Inc. increased its position in Enpro by 1.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 33,769 shares of the industrial products company’s stock worth $5,293,000 after purchasing an additional 418 shares during the last quarter. Simplex Trading LLC raised its stake in Enpro by 5,227.3% during the fourth quarter. Simplex Trading LLC now owns 1,172 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 1,150 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Enpro by 6.9% in the 4th 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 during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Enpro by 21.0% during the 4th quarter. Jennison Associates LLC now owns 441,018 shares of the industrial products company’s stock valued at $69,125,000 after buying an additional 76,684 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Der Graaf Kees Van sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total transaction of $192,012.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Robert Savage Mclean sold 6,400 shares of Enpro stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the sale, the chief accounting officer now owns 28,961 shares of the company’s stock, valued at approximately $4,585,105.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $192,012.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Enpro Stock Up 1.3 %

NPO opened at $147.18 on Thursday. The company has a market cap of $3.08 billion, a PE ratio of 138.84 and a beta of 1.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.59 and a current ratio of 3.31. Enpro Inc. has a 1 year low of $93.23 and a 1 year high of $170.63. The firm has a 50 day moving average price of $156.89 and a 200 day moving average price of $147.27.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.03. Enpro had a net margin of 2.10% and a return on equity of 9.67%. The company had revenue of $257.50 million during the quarter, compared to analyst estimates of $269.00 million. During the same quarter in the prior year, the business earned $1.95 earnings per share. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. Sell-side analysts expect that Enpro Inc. will post 7.43 earnings per share for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, June 4th. Enpro’s payout ratio is 113.21%.

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.