Zions Bancorporation N.A. Raises Stake in Enpro Inc. (NYSE:NPO)

Zions Bancorporation N.A. raised its stake in Enpro Inc. (NYSE:NPO) by 19.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the industrial products company’s stock after buying an additional 1,865 shares during the quarter. Zions Bancorporation N.A. owned approximately 0.05% of Enpro worth $1,865,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NPO. Opal Wealth Advisors LLC acquired a new position in Enpro in the second quarter valued at approximately $29,000. Innealta Capital LLC acquired a new position in shares of Enpro in the 2nd quarter valued at $48,000. GAMMA Investing LLC grew its holdings 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 worth $52,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. increased its position in shares of Enpro by 357.4% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 411 shares during the last quarter. Finally, KBC Group NV raised its holdings in 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 buying an additional 130 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Enpro Stock Up 0.6 %

Enpro stock opened at $163.64 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 firm has a 50 day moving average price of $155.81 and a 200 day moving average price of $153.51. Enpro Inc. has a fifty-two week low of $123.56 and a fifty-two week high of $176.13. The company has a market capitalization of $3.43 billion, a PE ratio of 63.67 and a beta of 1.41.

Enpro (NYSE:NPO) last posted 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). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. During the same quarter in the prior year, the firm posted $1.58 EPS. Enpro’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts expect that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is currently 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.