Shares of Enpro Inc. (NYSE:NPO - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 71,400 shares traded hands during trading, a decline of 28% from the previous session's volume of 98,526 shares.The stock last traded at $195.00 and had previously closed at $195.16.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Enpro from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th.
Check Out Our Latest Stock Analysis on NPO
Enpro Trading Down 1.1 %
The stock's 50-day simple moving average is $165.46 and its two-hundred day simple moving average is $157.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. The firm has a market capitalization of $4.05 billion, a P/E ratio of 75.10 and a beta of 1.49.
Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. 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 business posted $1.58 EPS. Equities research analysts expect that Enpro Inc. will post 6.89 EPS for the current year.
Enpro Dividend Announcement
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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Wednesday, December 4th. Enpro's payout ratio is 46.69%.
Insider Buying and Selling at Enpro
In related news, CAO Steven R. Bower sold 300 shares of the 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 sale, the chief accounting officer now owns 130 shares in the company, valued at approximately $21,125. This represents a 69.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of NPO. Dimensional Fund Advisors LP lifted its position in shares of Enpro by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company's stock worth $180,865,000 after purchasing an additional 7,992 shares during the last quarter. FMR LLC increased its stake in Enpro by 0.9% in the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company's stock worth $201,385,000 after buying an additional 11,643 shares during the period. State Street Corp lifted its holdings in Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company's stock valued at $130,972,000 after buying an additional 9,127 shares in the last quarter. Geode Capital Management LLC boosted its position in Enpro by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company's stock valued at $78,545,000 after buying an additional 5,502 shares during the period. Finally, Congress Asset Management Co. grew 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 worth $50,120,000 after acquiring an additional 12,316 shares in the last quarter. Institutional investors own 98.31% of the company's stock.
Enpro Company Profile
(
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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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