Harvey Partners LLC Grows Stock Holdings in Enpro Inc. (NYSE:NPO)

Harvey Partners LLC lifted its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,500 shares of the industrial products company's stock after acquiring an additional 4,000 shares during the period. Enpro makes up approximately 3.9% of Harvey Partners LLC's portfolio, making the stock its 8th biggest position. Harvey Partners LLC owned approximately 1.01% of Enpro worth $34,463,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in Enpro during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in Enpro by 168.1% during the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company's stock worth $52,000 after purchasing an additional 200 shares in the last quarter. Innealta Capital LLC bought a new stake in Enpro during the 2nd quarter worth approximately $48,000. Blue Trust Inc. increased 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 purchasing an additional 411 shares in the last quarter. Finally, KBC Group NV increased its holdings in Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company's stock worth $108,000 after purchasing an additional 130 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Stock Performance

Shares of NYSE NPO traded down $2.31 during midday trading on Tuesday, reaching $191.63. The company's stock had a trading volume of 181,570 shares, compared to its average volume of 98,000. Enpro Inc. has a 12-month low of $130.20 and a 12-month high of $194.08. The firm has a 50 day moving average price of $162.79 and a 200-day moving average price of $156.25. The stock has a market capitalization of $4.02 billion, a P/E ratio of 74.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00.

Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $264.47 million. During the same quarter in the previous year, the firm earned $1.58 EPS. Enpro's quarterly revenue was up 4.1% on a year-over-year basis. As a group, equities analysts predict that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.63%. Enpro's payout ratio is 46.69%.

Insider Activity at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the sale, the chief accounting officer now owns 130 shares of the company's stock, valued at $21,125. The trade was a 69.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.