Enpro Inc. (NYSE:NPO) Shares Purchased by Fmr LLC

FMR LLC grew its position in Enpro Inc. (NYSE:NPO - Free Report) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,241,736 shares of the industrial products company's stock after purchasing an additional 11,643 shares during the period. FMR LLC owned approximately 5.92% of Enpro worth $201,385,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NPO. Dimensional Fund Advisors LP raised its position in Enpro by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company's stock worth $180,865,000 after buying an additional 7,992 shares during the last quarter. Congress Asset Management Co. boosted its holdings 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 valued at $50,120,000 after purchasing an additional 12,316 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Enpro by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 249,165 shares of the industrial products company's stock valued at $40,410,000 after buying an additional 3,218 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Enpro by 2.1% in the 3rd quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company's stock valued at $38,544,000 after buying an additional 4,995 shares during the period. Finally, Tributary Capital Management LLC lifted its holdings in shares of Enpro by 0.6% in the 2nd quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company's stock valued at $26,837,000 after buying an additional 1,077 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CAO Steven R. Bower sold 300 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the sale, the chief accounting officer now directly owns 130 shares in the company, valued at approximately $21,125. The trade was a 69.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.70% of the company's stock.

Enpro Price Performance

Shares of NYSE:NPO traded down $2.57 during midday trading on Tuesday, reaching $191.37. 56,574 shares of the company's stock traded hands, compared to its average volume of 97,455. The company has a fifty day simple moving average of $162.79 and a two-hundred day simple moving average of $156.25. The company has a market cap of $4.02 billion, a P/E ratio of 75.46 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. Enpro Inc. has a 1 year low of $130.20 and a 1 year high of $194.08.

Enpro (NYSE:NPO - Get Free Report) last posted 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 company had revenue of $260.90 million during the quarter, compared to analysts' expectations of $264.47 million. During the same quarter last year, the company earned $1.58 earnings per share. Enpro's revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts predict that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Announces Dividend

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

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.