JPMorgan Chase & Co. Boosts Stock Position in Enpro Inc. (NYSE:NPO)

JPMorgan Chase & Co. boosted its holdings in shares of Enpro Inc. (NYSE:NPO) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,271 shares of the industrial products company’s stock after purchasing an additional 4,123 shares during the quarter. JPMorgan Chase & Co. owned about 0.51% of Enpro worth $17,235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Enpro by 168.1% during the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. increased its stake in Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Enpro during the third quarter valued at approximately $99,000. KBC Group NV lifted its stake in shares of Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 130 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new position in shares of Enpro in the 3rd quarter worth approximately $200,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 130 shares of the company’s stock, 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. Corporate insiders own 1.70% of the company’s stock.

Enpro Stock Down 2.2 %

NYSE:NPO opened at $164.73 on Friday. The stock has a fifty day simple moving average of $175.64 and a 200-day simple moving average of $162.17. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 64.10 and a beta of 1.50. Enpro Inc. has a twelve month low of $136.68 and a twelve month high of $197.94.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The company had revenue of $260.90 million during 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%. Enpro’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. Analysts anticipate that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Announces Dividend

The firm 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 of this dividend was Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.73%. Enpro’s dividend payout ratio is currently 46.69%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Oppenheimer increased their price target on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th. StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, KeyCorp lifted their price target on shares of Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th.

Enpro Company 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.