Enpro Inc. (NYSE:NPO) Shares Purchased by Citigroup Inc.

Citigroup Inc. grew its position in Enpro Inc. (NYSE:NPO - Free Report) by 80.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,381 shares of the industrial products company's stock after buying an additional 11,785 shares during the quarter. Citigroup Inc. owned 0.13% of Enpro worth $4,278,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Enpro by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 249,165 shares of the industrial products company's stock valued at $40,410,000 after buying an additional 3,218 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Enpro by 58.0% during the third quarter. Intech Investment Management LLC now owns 5,183 shares of the industrial products company's stock valued at $841,000 after acquiring an additional 1,903 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Enpro by 10.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,636 shares of the industrial products company's stock valued at $590,000 after acquiring an additional 349 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Enpro by 2.1% during the third quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company's stock valued at $38,544,000 after acquiring an additional 4,995 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Enpro by 3.7% during the third quarter. Segall Bryant & Hamill LLC now owns 140,657 shares of the industrial products company's stock valued at $22,812,000 after acquiring an additional 5,051 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company's stock.

Enpro Price Performance

Shares of NPO traded up $3.17 during trading hours on Wednesday, reaching $194.50. 111,166 shares of the company traded hands, compared to its average volume of 98,085. 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 stock has a market capitalization of $4.08 billion, a PE ratio of 74.56 and a beta of 1.48. Enpro Inc. has a fifty-two week low of $130.20 and a fifty-two week high of $194.67. The stock has a fifty day simple moving average of $163.43 and a 200 day simple moving average of $156.54.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business had revenue of $260.90 million during the quarter, compared to analysts' expectations of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 EPS. As a group, research analysts predict 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. This represents a $1.20 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, December 4th. Enpro's dividend payout ratio (DPR) is 46.69%.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 300 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares in the company, valued at approximately $21,125. The trade was a 69.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Enpro 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.