Principal Financial Group Inc. Has $16.04 Million Stock Position in Enpro Inc. (NYSE:NPO)

Principal Financial Group Inc. lowered its holdings in shares of Enpro Inc. (NYSE:NPO - Free Report) by 4.4% in the third quarter, according to its most recent 13F filing with the SEC. 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 about 0.47% of Enpro worth $16,043,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NPO. Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the second quarter worth $29,000. GAMMA Investing LLC grew its position in Enpro by 168.1% during the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company's stock worth $52,000 after acquiring an additional 200 shares during the last quarter. Innealta Capital LLC acquired a new position in Enpro in the 2nd quarter worth about $48,000. Blue Trust Inc. raised its position in Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 411 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new stake in shares of Enpro during the third quarter valued at about $200,000. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th.

Insiders Place Their Bets

In related news, CAO Steven R. Bower sold 300 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares of the company's stock, valued at $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company's stock.

Enpro Trading Up 1.3 %

Shares of NPO stock traded up $2.14 during trading hours on Friday, hitting $165.78. 167,478 shares of the company's stock traded hands, compared to its average volume of 95,943. The stock has a market cap of $3.48 billion, a PE ratio of 64.51 and a beta of 1.41. The stock's 50 day simple moving average is $156.21 and its 200 day simple moving average is $153.63. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. Enpro Inc. has a 12 month low of $123.56 and a 12 month high of $176.13.

Enpro (NYSE:NPO - Get Free Report) last announced its 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 company 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 period in the prior year, the business earned $1.58 earnings per share. On average, sell-side analysts anticipate that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, December 4th. Enpro's dividend 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.