Royce & Associates LP Sells 22,546 Shares of Enpro Inc. (NYSE:NPO)

Royce & Associates LP lowered its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 363,243 shares of the industrial products company's stock after selling 22,546 shares during the period. Royce & Associates LP owned about 1.73% of Enpro worth $58,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NPO. SG Americas Securities LLC bought a new position in shares of Enpro during the first quarter valued at about $734,000. UniSuper Management Pty Ltd bought a new stake in Enpro in the first quarter worth $689,000. Swedbank AB purchased a new stake in Enpro during the 1st quarter valued at about $28,691,000. Renaissance Technologies LLC grew its holdings in shares of Enpro by 129.7% during the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company's stock valued at $4,280,000 after buying an additional 16,600 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Enpro by 24.5% in the second quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company's stock worth $2,717,000 after purchasing an additional 3,674 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, CAO Steven R. Bower sold 300 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the transaction, the chief accounting officer now owns 130 shares of the company's stock, valued at $21,125. This represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

Enpro Stock Performance

Shares of NYSE NPO traded up $2.14 during midday trading on Friday, hitting $165.78. 167,478 shares of the stock traded hands, compared to its average volume of 95,943. The firm has a market capitalization of $3.48 billion, a P/E ratio of 63.67 and a beta of 1.41. 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 one year low of $123.56 and a one year high of $176.13. The firm has a 50-day moving average of $155.81 and a two-hundred day moving average of $153.51.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business had revenue of $260.90 million for the quarter, compared to analysts' expectations of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. Enpro's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 EPS. On average, equities analysts forecast that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders 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 dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro's dividend payout ratio is presently 46.69%.

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.