Steven R. Bower Sells 997 Shares of Enpro Inc. (NYSE:NPO) Stock

Enpro Inc. (NYSE:NPO - Get Free Report) CAO Steven R. Bower sold 997 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Enpro Price Performance

Shares of NPO traded down $4.40 during mid-day trading on Friday, reaching $181.60. The company had a trading volume of 245,883 shares, compared to its average volume of 112,923. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $214.58. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 52.49 and a beta of 1.49. The company's 50 day simple moving average is $181.02 and its 200 day simple moving average is $170.03.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. During the same quarter last year, the business posted $1.19 EPS. Enpro's revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.68%. Enpro's dividend payout ratio (DPR) is currently 35.84%.

Analyst Ratings Changes

A number of brokerages have weighed in on NPO. Oppenheimer raised their target price on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a report on Monday, December 16th. StockNews.com downgraded Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, KeyCorp raised their price target on shares of Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th.

Institutional Investors Weigh In On Enpro

Several hedge funds have recently added to or reduced their stakes in NPO. Creative Planning boosted its position in Enpro by 32.9% during the 3rd quarter. Creative Planning now owns 4,652 shares of the industrial products company's stock worth $754,000 after buying an additional 1,151 shares during the period. Blue Trust Inc. lifted its holdings in Enpro by 357.4% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock worth $85,000 after buying an additional 411 shares during the period. abrdn plc lifted its holdings in 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 buying an additional 2,654 shares during the period. Congress Asset Management Co. lifted its holdings in Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company's stock worth $50,120,000 after buying an additional 12,316 shares during the period. Finally, US Bancorp DE lifted its holdings in Enpro by 4.3% during the 3rd quarter. US Bancorp DE now owns 10,242 shares of the industrial products company's stock worth $1,661,000 after buying an additional 419 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

About Enpro

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.