Geode Capital Management LLC boosted its position in Enpro Inc. (NYSE:NPO - Free Report) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 484,216 shares of the industrial products company's stock after acquiring an additional 5,502 shares during the quarter. Geode Capital Management LLC owned 2.31% of Enpro worth $78,545,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in NPO. Innealta Capital LLC acquired a new position in Enpro in the second quarter valued at approximately $48,000. GAMMA Investing LLC raised its stake in shares of Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company's stock worth $52,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. boosted its holdings in Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock worth $85,000 after purchasing an additional 411 shares during the last quarter. KBC Group NV boosted its holdings in shares of Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company's stock worth $108,000 after buying an additional 130 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new stake in Enpro during the third quarter valued at about $200,000. Institutional investors and hedge funds own 98.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. KeyCorp increased their price target on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Oppenheimer boosted their price target on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Finally, StockNews.com downgraded shares of Enpro from a "buy" rating to a "hold" rating in a report on Wednesday.
Check Out Our Latest Research Report on Enpro
Insider Buying and Selling
In other news, CAO Steven R. Bower sold 300 shares of the firm'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 transaction, the chief accounting officer now owns 130 shares in the company, valued at $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.
Enpro Stock Performance
NPO stock traded down $2.18 during midday trading on Friday, reaching $173.22. The stock had a trading volume of 303,756 shares, compared to its average volume of 101,359. Enpro Inc. has a 52-week low of $136.68 and a 52-week high of $197.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The stock has a market cap of $3.64 billion, a PE ratio of 67.40 and a beta of 1.49. The firm has a fifty day simple moving average of $170.67 and a two-hundred day simple moving average of $159.95.
Enpro (NYSE:NPO - Get Free Report) last issued its quarterly 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 analyst estimates of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. As a group, equities research analysts anticipate that Enpro Inc. will post 6.89 EPS for the current year.
Enpro Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. Enpro's dividend payout ratio (DPR) is 46.69%.
About Enpro
(
Free Report)
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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