Enpro Inc. (NYSE:NPO) CAO Sells $48,750.00 in Stock

Enpro Inc. (NYSE:NPO) CAO Steven R. Bower sold 300 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the sale, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Enpro Stock Performance

NYSE:NPO traded up $1.48 during trading on Friday, reaching $165.12. The company’s stock had a trading volume of 118,184 shares, compared to its average volume of 95,721. The firm has a 50 day moving average of $155.81 and a 200-day moving average of $153.51. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 63.67 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. Enpro Inc. has a 12 month low of $123.56 and a 12 month high of $176.13.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The company had revenue of $260.90 million for the quarter, compared to analysts’ expectations of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. Research analysts expect that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.73%. Enpro’s payout ratio is currently 46.69%.

Analysts Set New Price Targets

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

Institutional Trading of Enpro

Several institutional investors and hedge funds have recently modified their holdings of NPO. SG Americas Securities LLC purchased a new position in shares of Enpro during the 1st quarter valued at about $734,000. UniSuper Management Pty Ltd purchased a new position in shares of Enpro during the 1st quarter valued at about $689,000. Swedbank AB purchased a new position in shares of Enpro during the 1st quarter valued at about $28,691,000. Renaissance Technologies LLC raised its holdings in shares of Enpro by 129.7% during the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after buying an additional 16,600 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Enpro by 24.5% during the 2nd quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company’s stock valued at $2,717,000 after buying an additional 3,674 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

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.