Insider Selling: Enpro Inc. (NYSE:NPO) CAO Sells 300 Shares of Stock

Enpro Inc. (NYSE:NPO - Get Free Report) CAO Steven R. Bower sold 300 shares of the business's stock in a transaction on Thursday, November 14th. The stock was 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Enpro Stock Up 1.3 %

NPO stock traded up $2.14 during midday trading on Friday, hitting $165.78. The company's stock had a trading volume of 167,478 shares, compared to its average volume of 95,943. The firm's 50-day moving average is $156.21 and its 200-day moving average is $153.63. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. Enpro Inc. has a 12 month low of $123.56 and a 12 month high of $176.13. The company has a market cap of $3.48 billion, a PE ratio of 64.51 and a beta of 1.41.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly 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). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same period in the previous year, the company earned $1.58 earnings per share. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts forecast that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Dividend Announcement

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

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB purchased a new stake in Enpro during the 1st quarter valued at $28,691,000. F M Investments LLC purchased a new stake in Enpro during the second quarter valued at $14,315,000. Barclays PLC increased its position in Enpro by 115.6% during the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock valued at $9,845,000 after acquiring an additional 32,544 shares during the last quarter. Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 16,600 shares during the period. Finally, Congress Asset Management Co. boosted its position in Enpro by 4.2% in the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company's stock worth $50,120,000 after purchasing an additional 12,316 shares during the last quarter. Institutional investors own 98.31% of the company's stock.

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.