Illinois Municipal Retirement Fund Cuts Stock Holdings in Enpro Inc. (NYSE:NPO)

Illinois Municipal Retirement Fund trimmed its holdings in shares of Enpro Inc. (NYSE:NPO) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,113 shares of the industrial products company’s stock after selling 831 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Enpro worth $1,899,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position 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 valued at $34,186,000 after buying an additional 56,757 shares during the period. Welch Group LLC purchased a new stake in Enpro during the fourth quarter valued at about $313,000. Nordea Investment Management AB boosted its position 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 valued at $2,115,000 after buying an additional 13,193 shares during the period. Kennedy Capital Management LLC boosted its position 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 valued at $7,870,000 after buying an additional 50,587 shares during the period. Finally, Congress Asset Management Co. MA raised its stake in shares of 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 valued at $31,969,000 after acquiring an additional 17,631 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the completion of the sale, the chief accounting officer now 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 owned by insiders.

Enpro Stock Performance

Shares of NYSE:NPO opened at $149.78 on Friday. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 141.30 and a beta of 1.55. The company has a 50-day moving average price of $158.70 and a 200-day moving average price of $145.34. The company has a current ratio of 3.31, a quick ratio of 2.59 and a debt-to-equity ratio of 0.45. Enpro Inc. has a 12 month low of $92.04 and a 12 month high of $170.63.

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

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were paid a $0.30 dividend. This is an increase from Enpro’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, March 5th. Enpro’s dividend payout ratio is presently 113.21%.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Enpro from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st.

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.