Enpro Inc. (NYSE:NPO) CAO Steven R. Bower Sells 300 Shares

Enpro Inc. (NYSE:NPO) CAO Steven R. Bower sold 300 shares of the business’s 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 owns 130 shares in the company, valued at $21,125. This represents a 69.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Enpro Price Performance

Enpro stock opened at $165.78 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. Enpro Inc. has a 52-week low of $123.56 and a 52-week high of $176.13. The firm has a market cap of $3.48 billion, a PE ratio of 64.51 and a beta of 1.41. The company’s 50 day moving average is $156.21 and its two-hundred day moving average is $153.63.

Enpro (NYSE:NPO) last announced 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 company had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. During the same quarter in the previous year, the business posted $1.58 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. On average, research analysts expect that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, December 4th. Enpro’s dividend payout ratio is presently 46.69%.

Analyst Ratings Changes

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

Institutional Trading of Enpro

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Enpro during the 1st quarter worth approximately $734,000. UniSuper Management Pty Ltd acquired a new position in shares of Enpro during the first quarter worth $689,000. Swedbank AB purchased a new position in Enpro in the first quarter valued at $28,691,000. Renaissance Technologies LLC raised its stake in Enpro by 129.7% in the second 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 lifted its holdings in Enpro by 24.5% during the 2nd quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company’s stock worth $2,717,000 after buying an additional 3,674 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

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.