Vanguard Group Inc. Buys 2,039 Shares of Enpro Inc. (NYSE:NPO)

Vanguard Group Inc. raised its stake in Enpro Inc. (NYSE:NPO) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,312,880 shares of the industrial products company’s stock after buying an additional 2,039 shares during the period. Vanguard Group Inc. owned about 11.06% of Enpro worth $280,298,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NPO. Point72 Hong Kong Ltd bought a new stake in shares of Enpro in the 2nd quarter valued at about $63,000. Penserra Capital Management LLC bought a new stake in shares of Enpro in the 2nd quarter valued at about $75,000. Tower Research Capital LLC TRC grew its position in shares of Enpro by 61.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,145 shares of the industrial products company’s stock valued at $153,000 after buying an additional 435 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of Enpro in the 1st quarter valued at about $182,000. Finally, Baird Financial Group Inc. bought a new stake in shares of Enpro in the 3rd quarter valued at about $206,000. Institutional investors own 98.31% of the company’s stock.

Insider Activity

In related news, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the transaction, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at approximately $4,585,105.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the transaction, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at approximately $4,585,105.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Enpro Stock Up 1.1 %

Shares of NYSE:NPO opened at $168.83 on Friday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 159.28 and a beta of 1.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.31 and a quick ratio of 2.59. The business’s 50-day moving average is $157.48 and its 200-day moving average is $140.40. Enpro Inc. has a 1 year low of $92.04 and a 1 year high of $170.63.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.28). The business had revenue of $241.90 million during the quarter, compared to analyst estimates of $264.10 million. Enpro had a net margin of 2.10% and a return on equity of 9.67%. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. Equities research analysts predict that Enpro Inc. will post 7.43 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Enpro’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, March 5th. Enpro’s payout ratio is currently 113.21%.

Analysts Set New Price Targets

Separately, TheStreet upgraded Enpro from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

Enpro 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.