Federated Hermes Inc. Increases Stake in Enpro Inc. (NYSE:NPO)

Federated Hermes Inc. grew its stake in Enpro Inc. (NYSE:NPO) by 23.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,424 shares of the industrial products company’s stock after buying an additional 3,630 shares during the quarter. Federated Hermes Inc. owned 0.09% of Enpro worth $3,045,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in Enpro by 25.2% during the third quarter. Wellington Management Group LLP now owns 282,082 shares of the industrial products company’s stock worth $34,186,000 after purchasing an additional 56,757 shares during the last quarter. Welch Group LLC purchased a new stake in Enpro during the fourth quarter worth approximately $313,000. Nordea Investment Management AB lifted its stake in Enpro by 326.2% during the third quarter. Nordea Investment Management AB now owns 17,237 shares of the industrial products company’s stock worth $2,115,000 after purchasing an additional 13,193 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Enpro by 352.5% during the third quarter. Kennedy Capital Management LLC now owns 64,937 shares of the industrial products company’s stock worth $7,870,000 after purchasing an additional 50,587 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its stake in Enpro by 7.2% during the third quarter. Congress Asset Management Co. MA now owns 263,793 shares of the industrial products company’s stock worth $31,969,000 after purchasing an additional 17,631 shares during the last quarter. Hedge funds and other institutional investors 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 research note on Thursday, February 1st.

Enpro Trading Up 0.8 %

NPO opened at $150.64 on Friday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 142.11 and a beta of 1.55. Enpro Inc. has a 52 week low of $92.88 and a 52 week high of $170.63. The business’s 50 day moving average is $158.10 and its two-hundred day moving average is $145.56. The company has a quick ratio of 2.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.28). The firm had revenue of $241.90 million for the quarter, compared to analyst estimates of $264.10 million. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The company’s quarterly revenue was down 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.47 EPS. On average, research analysts predict that Enpro Inc. will post 7.43 EPS for the current year.

Enpro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.30 per share. This is a positive change from Enpro’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.20 annualized dividend and a yield of 0.80%. Enpro’s payout ratio is 113.21%.

Insiders Place Their Bets

In other 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 value of $192,012.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 value of $192,012.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Robert Savage Mclean sold 6,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,961 shares in the company, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

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.