Harvey Partners LLC Buys 4,000 Shares of Enpro Inc. (NYSE:NPO)

Harvey Partners LLC lifted its position in Enpro Inc. (NYSE:NPO) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 212,500 shares of the industrial products company’s stock after purchasing an additional 4,000 shares during the quarter. Enpro accounts for approximately 3.9% of Harvey Partners LLC’s holdings, making the stock its 8th biggest holding. Harvey Partners LLC’s holdings in Enpro were worth $34,463,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Enpro by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock worth $180,865,000 after buying an additional 7,992 shares during the last quarter. FMR LLC boosted its holdings in shares of Enpro by 0.9% in the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock worth $201,385,000 after acquiring an additional 11,643 shares in the last quarter. Congress Asset Management Co. grew its position in Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after acquiring an additional 12,316 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Enpro by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 249,165 shares of the industrial products company’s stock valued at $40,410,000 after purchasing an additional 3,218 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Enpro by 2.1% in the 3rd quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company’s stock valued at $38,544,000 after purchasing an additional 4,995 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Trading Up 2.6 %

Shares of NYSE NPO opened at $193.94 on Tuesday. Enpro Inc. has a 1-year low of $130.20 and a 1-year high of $194.08. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $162.79 and a two-hundred day moving average of $156.25. The company has a market cap of $4.07 billion, a PE ratio of 75.46 and a beta of 1.48.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13). The firm had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business posted $1.58 earnings per share. As a group, equities analysts expect that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. Enpro’s dividend payout ratio is presently 46.69%.

Analysts Set New Price Targets

Separately, StockNews.com cut Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Insider Activity

In other news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the transaction, the chief accounting officer now owns 130 shares of the company’s stock, valued at $21,125. The trade was a 69.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.

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.