Steven R. Bower Sells 997 Shares of Enpro Inc. (NYSE:NPO) Stock

Enpro Inc. (NYSE:NPOGet Free Report) CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Enpro Trading Down 2.4 %

NPO opened at $194.89 on Thursday. The stock has a fifty day moving average price of $180.63 and a 200-day moving average price of $169.41. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Enpro Inc. has a 12 month low of $136.68 and a 12 month high of $214.58. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 56.33 and a beta of 1.49.

Enpro (NYSE:NPOGet Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 earnings per share. As a group, equities research analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.64%. This is an increase from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 5th. Enpro’s payout ratio is 35.84%.

Hedge Funds Weigh In On Enpro

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its holdings in shares of Enpro by 32.9% in the 3rd quarter. Creative Planning now owns 4,652 shares of the industrial products company’s stock worth $754,000 after acquiring an additional 1,151 shares during the period. Blue Trust Inc. raised its position in shares of Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after buying an additional 411 shares during the period. abrdn plc increased its holdings in Enpro by 1.5% in the 3rd quarter. abrdn plc now owns 177,327 shares of the industrial products company’s stock valued at $28,759,000 after purchasing an additional 2,654 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of Enpro by 4.2% during the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock valued at $50,120,000 after acquiring an additional 12,316 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Enpro by 4.3% during the third quarter. US Bancorp DE now owns 10,242 shares of the industrial products company’s stock worth $1,661,000 after purchasing an additional 419 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer upped their target price on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th. KeyCorp raised their price objective on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Get Our Latest Analysis on NPO

About Enpro

(Get 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.

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