Enpro Inc. (NYSE:NPO) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. increased its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 309,042 shares of the industrial products company's stock after purchasing an additional 12,316 shares during the quarter. Congress Asset Management Co. owned 1.48% of Enpro worth $50,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB bought a new position in shares of Enpro in the first quarter worth about $28,691,000. F M Investments LLC purchased a new position in Enpro during the 2nd quarter valued at approximately $14,315,000. Renaissance Technologies LLC boosted its holdings in shares of Enpro by 129.7% in the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company's stock worth $4,280,000 after purchasing an additional 16,600 shares during the period. Sei Investments Co. boosted its holdings in shares of Enpro by 24.8% in the 2nd quarter. Sei Investments Co. now owns 40,897 shares of the industrial products company's stock worth $5,953,000 after purchasing an additional 8,125 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Enpro by 0.6% in 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 purchasing an additional 7,992 shares during the period. 98.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Enpro Stock Down 1.6 %

Shares of NYSE:NPO traded down $2.38 on Thursday, reaching $145.61. The company had a trading volume of 82,343 shares, compared to its average volume of 93,712. Enpro Inc. has a 52-week low of $106.08 and a 52-week high of $176.13. The firm's 50 day simple moving average is $155.44 and its 200-day simple moving average is $153.02. The firm has a market capitalization of $3.05 billion, a PE ratio of 72.08 and a beta of 1.40. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO - Get Free Report) last announced its 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. The firm had revenue of $271.90 million for the quarter, compared to the consensus estimate of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 EPS. As a group, analysts expect that Enpro Inc. will post 7.4 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently declared 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. This represents a $1.20 annualized dividend and a yield of 0.82%. Enpro's payout ratio is presently 59.41%.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of the company's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $150.06, for a total value of $232,292.88. Following the sale, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company's stock.

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.