Jennison Associates LLC grew its position in Enpro Inc. (NYSE:NPO - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,659 shares of the industrial products company's stock after buying an additional 4,995 shares during the quarter. Jennison Associates LLC owned approximately 1.13% of Enpro worth $38,544,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. UniSuper Management Pty Ltd acquired a new position in Enpro in the 1st quarter worth approximately $689,000. Swedbank AB bought a new stake in shares of Enpro during the 1st quarter worth $28,691,000. Renaissance Technologies LLC lifted its position in Enpro by 129.7% during the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company's stock worth $4,280,000 after acquiring an additional 16,600 shares during the last quarter. TD Asset Management Inc boosted its holdings in Enpro by 24.5% during the second quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company's stock valued at $2,717,000 after acquiring an additional 3,674 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Enpro by 34.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 22,947 shares of the industrial products company's stock valued at $3,875,000 after purchasing an additional 5,932 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded 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 Price Performance
Shares of NPO stock traded up $3.97 during mid-day trading on Friday, reaching $184.10. The company's stock had a trading volume of 81,595 shares, compared to its average volume of 96,657. 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 firm's 50-day moving average is $157.81 and its two-hundred day moving average is $154.08. Enpro Inc. has a 1-year low of $126.71 and a 1-year high of $185.61. The company has a market cap of $3.86 billion, a P/E ratio of 70.09 and a beta of 1.41.
Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 9.71% and a net margin of 5.20%. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 EPS. On average, research analysts predict that Enpro Inc. will post 6.89 earnings per share for the current year.
Enpro Dividend Announcement
The business 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 dividend of $0.30 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.65%. Enpro's dividend payout ratio is currently 46.69%.
Insider Buying and Selling at Enpro
In other Enpro news, CAO Steven R. Bower sold 300 shares of the company's stock in a transaction dated 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 directly owns 130 shares of the company's stock, valued at approximately $21,125. This represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company's stock.
Enpro Company Profile
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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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