Allspring Global Investments Holdings LLC Trims Stock Holdings in Enpro Inc. (NYSE:NPO)

Allspring Global Investments Holdings LLC cut its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 56.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,240 shares of the industrial products company's stock after selling 32,778 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.12% of Enpro worth $4,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NPO. Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the second quarter valued at approximately $29,000. Innealta Capital LLC bought a new stake in Enpro in the second quarter worth $48,000. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 200 shares in the last quarter. Blue Trust Inc. boosted its holdings in Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock worth $85,000 after acquiring an additional 411 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in Enpro in the third quarter worth $200,000. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Enpro Stock Down 0.1 %

Shares of NPO stock traded down $0.08 during mid-day trading on Tuesday, hitting $149.29. The company's stock had a trading volume of 82,051 shares, compared to its average volume of 93,709. Enpro Inc. has a 52-week low of $106.08 and a 52-week high of $176.13. The business has a 50-day moving average price of $155.61 and a 200 day moving average price of $153.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 73.91 and a beta of 1.40.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.23. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The firm had revenue of $271.90 million during the quarter, compared to analysts' expectations of $270.90 million. During the same quarter in the previous year, the business earned $1.83 earnings per share. The company's revenue was down 1.8% on a year-over-year basis. Research analysts predict that Enpro Inc. will post 7.4 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, September 4th. Enpro's dividend payout ratio (DPR) is presently 59.41%.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the company's stock in a transaction on Friday, August 9th. The stock was 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 in the company, valued at approximately $90,636.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Enpro Company 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.