New York State Common Retirement Fund Sells 221 Shares of Enpro Inc. (NYSE:NPO)

New York State Common Retirement Fund decreased its holdings in shares of Enpro Inc. (NYSE:NPO) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,769 shares of the industrial products company’s stock after selling 221 shares during the period. New York State Common Retirement Fund owned 0.06% of Enpro worth $2,001,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NPO. Jennison Associates LLC boosted its holdings in shares of Enpro by 21.0% during the 4th quarter. Jennison Associates LLC now owns 441,018 shares of the industrial products company’s stock worth $69,125,000 after buying an additional 76,684 shares in the last quarter. Federated Hermes Inc. boosted its stake in Enpro by 23.0% during the fourth quarter. Federated Hermes Inc. now owns 19,424 shares of the industrial products company’s stock worth $3,045,000 after acquiring an additional 3,630 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Enpro by 13.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,472 shares of the industrial products company’s stock worth $701,000 after purchasing an additional 544 shares during the period. Mackenzie Financial Corp bought a new stake in Enpro in the fourth quarter valued at $203,000. Finally, Strs Ohio raised its holdings in shares of Enpro by 0.9% during the fourth quarter. Strs Ohio now owns 34,700 shares of the industrial products company’s stock valued at $5,438,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insider Transactions at Enpro

In related news, Director Der Graaf Kees Van sold 1,200 shares of Enpro stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total transaction of $192,012.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 28,961 shares in the company, valued at approximately $4,585,105.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Der Graaf Kees Van sold 1,200 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Enpro Price Performance

Shares of NYSE:NPO opened at $147.18 on Thursday. The stock’s 50 day moving average is $156.89 and its 200-day moving average is $147.27. Enpro Inc. has a twelve month low of $93.23 and a twelve month high of $170.63. The company has a quick ratio of 2.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 138.84 and a beta of 1.55.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.03. The firm had revenue of $257.50 million for the quarter, compared to the consensus estimate of $269.00 million. Enpro had a net margin of 2.10% and a return on equity of 9.67%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.95 earnings per share. Sell-side analysts forecast that Enpro Inc. will post 7.43 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, June 4th. Enpro’s dividend payout ratio is currently 113.21%.

Wall Street Analyst Weigh In

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

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.