Royal Bank of Canada Trims Stock Position in Enpro Inc. (NYSE:NPO)

Royal Bank of Canada lowered its position in shares of Enpro Inc. (NYSE:NPO) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,242 shares of the industrial products company’s stock after selling 13,015 shares during the period. Royal Bank of Canada owned 0.76% of Enpro worth $27,633,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Pitcairn Co. grew its stake in Enpro by 2.0% in the 4th quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company’s stock worth $675,000 after buying an additional 78 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Enpro by 5.8% in the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company’s stock worth $295,000 after buying an additional 86 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Enpro by 5.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company’s stock worth $379,000 after buying an additional 106 shares in the last quarter. Xponance Inc. grew its stake in Enpro by 8.7% in the 4th quarter. Xponance Inc. now owns 1,494 shares of the industrial products company’s stock worth $258,000 after buying an additional 119 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Enpro by 3.9% in the 4th quarter. HighTower Advisors LLC now owns 3,545 shares of the industrial products company’s stock worth $611,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Enpro Price Performance

Shares of Enpro stock opened at $175.73 on Friday. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $214.58. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 50.79 and a beta of 1.51. The company has a fifty day moving average of $161.49 and a 200-day moving average of $173.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59.

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

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 dividend on an annualized basis and a yield of 0.71%. Enpro’s dividend payout ratio is currently 30.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a research note on Tuesday. Sidoti raised shares of Enpro to a “strong-buy” rating in a research note on Wednesday, April 23rd. Finally, KeyCorp cut their price objective on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th.

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.