Central Pacific Bank Trust Division Sells 500 Shares of Enpro Inc. (NYSE:NPO)

Central Pacific Bank Trust Division lessened its holdings in shares of Enpro Inc. (NYSE:NPO) by 22.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,700 shares of the industrial products company’s stock after selling 500 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Enpro were worth $293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Synovus Financial Corp grew its stake in shares of Enpro by 102.7% during the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock worth $2,266,000 after purchasing an additional 7,078 shares during the period. Renaissance Technologies LLC grew its position in shares of Enpro by 129.7% during the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock worth $4,280,000 after buying an additional 16,600 shares during the period. Belmont Capital LLC acquired a new position in shares of Enpro during the 3rd quarter worth about $565,000. TD Asset Management Inc increased its stake in shares of Enpro by 24.5% in the 2nd quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company’s stock valued at $2,717,000 after acquiring an additional 3,674 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Enpro by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock valued at $1,689,000 after acquiring an additional 995 shares during the period. Institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

NYSE NPO opened at $170.90 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 66.50 and a beta of 1.50. The business has a 50 day simple moving average of $174.51 and a 200 day simple moving average of $161.73. Enpro Inc. has a 52-week low of $136.68 and a 52-week high of $197.94.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). The company had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 EPS. Analysts anticipate that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $0.30 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. Enpro’s dividend payout ratio (DPR) is 46.69%.

Insider Transactions at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the sale, the chief accounting officer now owns 130 shares in the company, valued at approximately $21,125. The trade was a 69.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Oppenheimer boosted their price target on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, KeyCorp raised their price objective on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th.

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.