Enpro (NYSE:NPO) Shares Gap Down - Time to Sell?

Enpro Inc. (NYSE:NPO - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $146.64, but opened at $138.00. Enpro shares last traded at $145.74, with a volume of 12,826 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Monday, September 2nd.

Enpro Stock Up 1.6 %

The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 73.64 and a beta of 1.41. The business's 50-day moving average is $154.73 and its 200-day moving average is $152.88. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.23. The company had revenue of $271.90 million during the quarter, compared to the consensus estimate of $270.90 million. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.83 earnings per share. As a group, equities analysts predict that Enpro Inc. will post 7.4 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. Shareholders of record on Wednesday, December 4th will be given a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. Enpro's dividend payout ratio (DPR) is currently 59.41%.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of the business's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the sale, the chief accounting officer now owns 604 shares of the company's stock, valued at $90,636.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of Enpro

Several large investors have recently bought and sold shares of NPO. Swedbank AB acquired a new position in Enpro in the 1st quarter valued at about $28,691,000. F M Investments LLC acquired a new position in Enpro in the 2nd quarter valued at about $14,315,000. Renaissance Technologies LLC boosted its holdings in Enpro by 129.7% in the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company's stock valued at $4,280,000 after purchasing an additional 16,600 shares during the last quarter. Congress Asset Management Co. boosted its holdings 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 valued at $50,120,000 after purchasing an additional 12,316 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Enpro by 24.8% in the 2nd quarter. Sei Investments Co. now owns 40,897 shares of the industrial products company's stock valued at $5,953,000 after purchasing an additional 8,125 shares during the last quarter. Hedge funds and other 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.