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

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

A number of other institutional investors and hedge funds have also made changes to their positions in NPO. Barclays PLC increased its holdings in Enpro by 115.6% in the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after purchasing an additional 32,544 shares during the last quarter. Citigroup Inc. grew its stake in shares of Enpro by 80.7% in the third quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock valued at $4,278,000 after buying an additional 11,785 shares in the last quarter. FMR LLC raised its holdings in shares of Enpro by 0.9% in the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after buying an additional 11,643 shares during the period. State Street Corp lifted its stake in Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock worth $130,972,000 after acquiring an additional 9,127 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in Enpro by 102.7% during the 3rd 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 during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Enpro Stock Up 1.2 %

NPO stock opened at $192.73 on Friday. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The company’s 50 day moving average price is $178.88 and its 200 day moving average price is $166.88. 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 firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 74.99 and a beta of 1.49.

Enpro Increases Dividend

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

About Enpro

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.