Enpro Inc. $NPO Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in Enpro Inc. (NYSE:NPO) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,998 shares of the industrial products company’s stock after selling 15,394 shares during the quarter. Enpro comprises approximately 0.6% of Royce & Associates LP’s portfolio, making the stock its 25th biggest holding. Royce & Associates LP’s holdings in Enpro were worth $60,639,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NPO. Allworth Financial LP grew its stake in shares of Enpro by 156.6% during the 3rd quarter. Allworth Financial LP now owns 331 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 202 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Enpro by 108.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 51,309 shares of the industrial products company’s stock valued at $15,714,000 after purchasing an additional 26,725 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Enpro by 75.2% in the third quarter. Fifth Third Bancorp now owns 24,192 shares of the industrial products company’s stock valued at $7,409,000 after purchasing an additional 10,386 shares during the period. Maryland State Retirement & Pension System lifted its stake in shares of Enpro by 53.3% in the third quarter. Maryland State Retirement & Pension System now owns 4,710 shares of the industrial products company’s stock valued at $1,442,000 after purchasing an additional 1,637 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Enpro by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 10,660 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

NPO stock traded down $5.09 during midday trading on Friday, hitting $273.48. 169,572 shares of the stock were exchanged, compared to its average volume of 227,688. The stock’s 50-day moving average price is $292.54 and its 200-day moving average price is $297.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.30 and a current ratio of 2.12. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 93.66, a PEG ratio of 1.90 and a beta of 1.64. Enpro Inc. has a fifty-two week low of $202.00 and a fifty-two week high of $390.42.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, November 3rd. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.24. The company had revenue of $350.80 million for the quarter, compared to analyst estimates of $334.04 million. Enpro had a return on equity of 12.55% and a net margin of 4.88%. Enpro’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. Research analysts predict that Enpro Inc. will post 9.78 earnings per share for the current year.

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, December 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 2nd. Enpro’s payout ratio is 43.84%.

Insider Activity at Enpro

In related news, CAO Steven Bower sold 1,000 shares of the business’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $279.66, for a total value of $279,660.00. Following the sale, the chief accounting officer directly owned 3,695 shares in the company, valued at $1,033,343.70. The trade was a 21.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Zacks Research lowered shares of Enpro from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enpro in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Enpro from $430.00 to $440.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Enpro presently has a consensus rating of “Moderate Buy” and an average price target of $365.00.

Enpro Company Profile

Enpro Inc. is an industrial technology company that develops and manufactures products for demanding applications across a range of industries. Its businesses focus on sealing technologies and advanced surface technologies, serving markets that include semiconductor manufacturing, aerospace, life sciences, energy and commercial vehicles. Enpro’s sealing products include engineered seals, gaskets, packing and related components used to help control fluids and gases in industrial equipment and systems.