Charles Schwab Investment Management Inc. increased its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,165 shares of the industrial products company's stock after purchasing an additional 3,218 shares during the period. Charles Schwab Investment Management Inc. owned 1.19% of Enpro worth $40,410,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in NPO. Dimensional Fund Advisors LP raised its position in Enpro by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company's stock valued at $180,865,000 after purchasing an additional 7,992 shares during the last quarter. Congress Asset Management Co. increased its stake in Enpro by 4.2% in the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company's stock valued at $50,120,000 after buying an additional 12,316 shares during the period. Jennison Associates LLC increased its stake in Enpro by 2.1% in the 3rd quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company's stock valued at $38,544,000 after buying an additional 4,995 shares during the period. Tributary Capital Management LLC grew its stake in shares of Enpro by 0.6% during the 2nd quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company's stock worth $26,837,000 after purchasing an additional 1,077 shares during the period. Finally, abrdn plc grew its stake in shares of Enpro by 1.5% during the 3rd quarter. abrdn plc now owns 177,327 shares of the industrial products company's stock worth $28,759,000 after purchasing an additional 2,654 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Enpro
In related news, CAO Steven R. Bower sold 300 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. This trade 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 through this hyperlink. 1.70% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th.
Get Our Latest Report on Enpro
Enpro Trading Down 1.2 %
Shares of NPO stock traded down $2.31 during trading hours on Tuesday, hitting $191.63. 181,570 shares of the company were exchanged, compared to its average volume of 98,000. The firm has a market cap of $4.02 billion, a PE ratio of 74.56 and a beta of 1.48. Enpro Inc. has a 1 year low of $130.20 and a 1 year high of $194.08. 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 firm has a fifty day moving average of $162.79 and a 200 day moving average of $156.25.
Enpro (NYSE:NPO - Get Free Report) last posted its earnings results 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 business had revenue of $260.90 million for the quarter, compared to analyst estimates of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.58 EPS. Analysts expect that Enpro Inc. will post 6.89 earnings per share for the current year.
Enpro Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro's dividend payout ratio (DPR) is 46.69%.
About Enpro
(
Free Report)
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.
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