Enpro Inc. (NYSE:NPO) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in shares of Enpro Inc. (NYSE:NPOFree Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 742,498 shares of the industrial products company’s stock after selling 45,557 shares during the period. Enpro accounts for approximately 1.2% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 9th biggest holding. Gamco Investors INC. ET AL owned about 3.55% of Enpro worth $116,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NPO. FMR LLC raised its stake in Enpro by 21.8% in the third quarter. FMR LLC now owns 948,511 shares of the industrial products company’s stock valued at $114,950,000 after buying an additional 169,848 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Enpro by 49.6% in the 4th quarter. Brown Advisory Inc. now owns 482,639 shares of the industrial products company’s stock valued at $75,649,000 after purchasing an additional 159,984 shares during the last quarter. Norges Bank acquired a new stake in Enpro in the 4th quarter worth approximately $24,026,000. Jennison Associates LLC grew its position in Enpro by 21.0% during the 4th quarter. Jennison Associates LLC now owns 441,018 shares of the industrial products company’s stock worth $69,125,000 after purchasing an additional 76,684 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Enpro by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 282,082 shares of the industrial products company’s stock valued at $34,186,000 after purchasing an additional 56,757 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Stock Performance

Shares of NYSE NPO traded down $0.68 during midday trading on Thursday, reaching $148.34. The company had a trading volume of 48,267 shares, compared to its average volume of 99,825. The stock has a market cap of $3.11 billion, a P/E ratio of -1,055.64 and a beta of 1.46. The company has a current ratio of 2.59, a quick ratio of 1.77 and a debt-to-equity ratio of 0.47. Enpro Inc. has a 1 year low of $106.08 and a 1 year high of $170.63. The business’s 50-day simple moving average is $151.80 and its 200 day simple moving average is $152.18.

Enpro (NYSE:NPOGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. Enpro had a positive return on equity of 9.17% and a negative net margin of 0.26%. The company had revenue of $257.50 million during the quarter, compared to analysts’ expectations of $269.00 million. During the same quarter in the previous year, the firm posted $1.95 EPS. The firm’s revenue was down 8.9% compared to the same quarter last year. On average, analysts forecast that Enpro Inc. will post 7.45 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, June 5th. Enpro’s dividend payout ratio is currently -857.08%.

About Enpro

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Enpro (NYSE:NPO)

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