Principal Financial Group Inc. Sells 4,516 Shares of Enpro Inc. (NYSE:NPO)

Principal Financial Group Inc. cut its position in Enpro Inc. (NYSE:NPO - Free Report) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,924 shares of the industrial products company's stock after selling 4,516 shares during the period. Principal Financial Group Inc. owned 0.47% of Enpro worth $16,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Synovus Financial Corp grew its holdings in Enpro by 102.7% during the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock worth $2,266,000 after acquiring an additional 7,078 shares during the last quarter. Renaissance Technologies LLC lifted its stake 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 valued at $4,280,000 after purchasing an additional 16,600 shares during the period. Belmont Capital LLC acquired a new stake in shares of Enpro during the third quarter worth $565,000. 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 worth $2,717,000 after buying an additional 3,674 shares during the last quarter. Finally, Harvey Partners LLC raised its position in shares of Enpro by 1.9% in the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company's stock valued at $34,463,000 after acquiring an additional 4,000 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NPO. KeyCorp increased their target price on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. StockNews.com lowered shares of Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, Oppenheimer increased their price objective on Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, December 16th.

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 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 transaction, the chief accounting officer now directly owns 130 shares of the company's stock, valued at $21,125. This represents a 69.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

Enpro Stock Down 1.4 %

NPO traded down $2.55 on Friday, hitting $173.54. 72,782 shares of the company were exchanged, compared to its average volume of 100,733. The company has a market cap of $3.64 billion, a PE ratio of 67.53 and a beta of 1.49. 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 12 month low of $136.68 and a 12 month high of $197.94. The stock's fifty day moving average is $172.35 and its 200-day moving average is $160.80.

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 the consensus estimate of $1.87 by ($0.13). The firm 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 business's revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. Equities research analysts predict that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro's payout ratio is presently 46.69%.

About Enpro

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.