Enpro (NYSE:NPO) Shares Gap Down – Time to Sell?

Enpro Inc. (NYSE:NPO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $146.64, but opened at $138.00. Enpro shares last traded at $145.74, with a volume of 12,826 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

Enpro Price Performance

The firm has a market capitalization of $3.16 billion, a PE ratio of 72.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.90. The firm has a 50-day simple moving average of $154.73 and a 200-day simple moving average of $152.88.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.23. The business had revenue of $271.90 million for the quarter, compared to analysts’ expectations of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. As a group, equities analysts forecast that Enpro Inc. will post 7.4 earnings per share for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.80%. Enpro’s payout ratio is 59.41%.

Insiders Place Their Bets

In other news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $150.06, for a total transaction of $232,292.88. Following the transaction, the chief accounting officer now directly owns 604 shares of the company’s stock, valued at $90,636.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Trading of Enpro

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPO. Norden Group LLC bought a new stake in Enpro during the 1st quarter valued at approximately $557,000. BNP Paribas Financial Markets increased its position in Enpro by 77.6% during the first quarter. BNP Paribas Financial Markets now owns 10,517 shares of the industrial products company’s stock valued at $1,775,000 after acquiring an additional 4,595 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Enpro by 23.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,278 shares of the industrial products company’s stock valued at $553,000 after acquiring an additional 628 shares during the last quarter. Nordea Investment Management AB increased its position in Enpro by 18.2% during the first quarter. Nordea Investment Management AB now owns 20,344 shares of the industrial products company’s stock valued at $3,457,000 after acquiring an additional 3,132 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Enpro during the first quarter valued at $644,000. Institutional investors own 98.31% of the company’s stock.

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.