Enpro Inc. (NYSE:NPO) Stock Position Decreased by Capital International Investors

Capital International Investors cut its stake in shares of Enpro Inc. (NYSE:NPO) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,223,919 shares of the industrial products company’s stock after selling 139,133 shares during the quarter. Capital International Investors owned 5.84% of Enpro worth $206,561,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Welch Group LLC acquired a new stake in shares of Enpro in the fourth quarter worth $313,000. Trust Point Inc. acquired a new stake in shares of Enpro in the fourth quarter worth $880,000. Louisiana State Employees Retirement System acquired a new stake in shares of Enpro in the fourth quarter worth $1,646,000. Romano Brothers AND Company acquired a new stake in shares of Enpro in the fourth quarter worth $235,000. Finally, Phocas Financial Corp. boosted its position in Enpro by 1.8% during the fourth quarter. Phocas Financial Corp. now owns 36,416 shares of the industrial products company’s stock valued at $5,708,000 after purchasing an additional 643 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Stock Up 2.6 %

NPO traded up $4.33 during trading on Friday, reaching $171.51. 56,908 shares of the stock traded hands, compared to its average volume of 92,978. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of -1,225.07 and a beta of 1.43. Enpro Inc. has a fifty-two week low of $106.08 and a fifty-two week high of $173.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.59 and a quick ratio of 1.77. The stock’s 50-day simple moving average is $151.04 and its two-hundred day simple moving average is $153.88.

Enpro (NYSE:NPO) last released its quarterly earnings data 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. The firm had revenue of $257.50 million during the quarter, compared to analysts’ expectations of $269.00 million. Enpro had a positive return on equity of 9.17% and a negative net margin of 0.26%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. As a group, equities research analysts expect that Enpro Inc. will post 7.45 EPS for the current year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Enpro’s payout ratio is -857.14%.

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.