Enpro Inc. (NYSE:NPO) Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. increased its stake in shares of Enpro Inc. (NYSE:NPO) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 313,759 shares of the industrial products company’s stock after purchasing an additional 4,717 shares during the period. Congress Asset Management Co. owned 1.49% of Enpro worth $54,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synovus Financial Corp lifted its position in shares of Enpro by 102.7% in the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock valued at $2,266,000 after acquiring an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Enpro by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company’s stock valued at $17,235,000 after purchasing an additional 4,123 shares during the last quarter. Belmont Capital LLC purchased a new position in Enpro in the 3rd quarter valued at $565,000. Stifel Financial Corp boosted its stake in Enpro by 10.6% during the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock worth $1,689,000 after purchasing an additional 995 shares during the last quarter. Finally, Harvey Partners LLC grew its holdings in shares of Enpro by 1.9% during the third quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company’s stock worth $34,463,000 after buying an additional 4,000 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Enpro Price Performance

Enpro stock opened at $192.73 on Friday. 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 50-day moving average price of $178.88 and a 200 day moving average price of $166.88. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $197.94. The stock has a market cap of $4.05 billion, a P/E ratio of 74.99 and a beta of 1.49.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio (DPR) is currently 46.69%.

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.