Enpro Inc. (NYSE:NPO) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC reduced its holdings in shares of Enpro Inc. (NYSE:NPO) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,282 shares of the industrial products company’s stock after selling 2,232 shares during the quarter. Enpro makes up 2.5% of Tributary Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Tributary Capital Management LLC’s holdings in Enpro were worth $30,933,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC boosted its position in shares of Enpro by 22.7% in the 3rd quarter. HighTower Advisors LLC now owns 2,523 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 466 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Enpro by 66.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 72,332 shares of the industrial products company’s stock valued at $8,766,000 after purchasing an additional 28,801 shares during the period. Synovus Financial Corp boosted its position in shares of Enpro by 3.2% in the 3rd quarter. Synovus Financial Corp now owns 10,844 shares of the industrial products company’s stock valued at $1,314,000 after purchasing an additional 332 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Enpro by 352.5% in the 3rd quarter. Kennedy Capital Management LLC now owns 64,937 shares of the industrial products company’s stock valued at $7,870,000 after purchasing an additional 50,587 shares during the period. Finally, Townsquare Capital LLC boosted its position in shares of Enpro by 37.5% in the 3rd quarter. Townsquare Capital LLC now owns 8,797 shares of the industrial products company’s stock valued at $1,066,000 after purchasing an additional 2,398 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Stock Performance

Shares of NYSE NPO traded down $3.84 during trading hours on Monday, reaching $141.73. The stock had a trading volume of 109,721 shares, compared to its average volume of 102,393. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -1,012.28 and a beta of 1.43. 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 fifty-two week low of $106.08 and a fifty-two week high of $170.63. The firm has a 50-day moving average of $148.57 and a 200-day moving average of $153.43.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $257.50 million during the quarter, compared to analysts’ expectations of $269.00 million. During the same period in the prior year, the firm earned $1.95 EPS. The business’s revenue was down 8.9% on a year-over-year basis. Equities research analysts predict that Enpro Inc. will post 7.45 earnings per share for the current year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.85%. Enpro’s payout ratio is -857.08%.

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.