Belmont Capital LLC Purchases New Stake in Enpro Inc. (NYSE:NPO)

Belmont Capital LLC acquired a new stake in Enpro Inc. (NYSE:NPO - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,482 shares of the industrial products company's stock, valued at approximately $565,000.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Enpro during the second quarter worth $29,000. GAMMA Investing LLC boosted its stake in Enpro by 168.1% during the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company's stock worth $52,000 after acquiring an additional 200 shares in the last quarter. Innealta Capital LLC bought a new position in Enpro during the second quarter worth $48,000. Blue Trust Inc. boosted its stake in Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock worth $85,000 after acquiring an additional 411 shares in the last quarter. Finally, KBC Group NV boosted its stake in Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company's stock worth $108,000 after acquiring an additional 130 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

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 1.9 %

NPO traded up $3.15 during trading on Tuesday, hitting $173.16. 166,928 shares of the company's stock were exchanged, compared to its average volume of 96,350. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The business's 50 day moving average is $157.25 and its two-hundred day moving average is $153.93. Enpro Inc. has a fifty-two week low of $123.56 and a fifty-two week high of $176.13. The stock has a market cap of $3.63 billion, a P/E ratio of 67.38 and a beta of 1.41.

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

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.69%. Enpro's payout ratio is 46.69%.

Insiders Place Their Bets

In other news, CAO Steven R. Bower sold 300 shares of the stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.70% 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.