Capital International Investors Sells 139,133 Shares of Enpro Inc. (NYSE:NPO)

Capital International Investors decreased its holdings in shares of Enpro Inc. (NYSE:NPO) by 10.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,223,919 shares of the industrial products company’s stock after selling 139,133 shares during the quarter. Capital International Investors owned approximately 0.06% of Enpro worth $206,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NPO. Welch Group LLC bought a new stake in shares of Enpro during the 4th quarter valued at $313,000. Trust Point Inc. bought a new stake in shares of Enpro in the 4th quarter valued at $880,000. Louisiana State Employees Retirement System bought a new stake in shares of Enpro in the 4th quarter valued at $1,646,000. Romano Brothers AND Company bought a new stake in shares of Enpro in the 4th quarter valued at $235,000. Finally, Phocas Financial Corp. increased its position in shares of Enpro by 1.8% in the 4th quarter. Phocas Financial Corp. now owns 36,416 shares of the industrial products company’s stock valued at $5,708,000 after buying an additional 643 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

Enpro Trading Up 2.6 %

Shares of NPO traded up $4.33 during trading hours on Friday, reaching $171.51. The stock had a trading volume of 56,908 shares, compared to its average volume of 92,978. The company has a quick ratio of 1.77, a current ratio of 2.59 and a debt-to-equity ratio of 0.47. Enpro Inc. has a 52 week low of $106.08 and a 52 week high of $173.06. The firm has a 50-day moving average of $151.04 and a 200 day moving average of $153.88. The company has a market cap of $3.59 billion, a P/E ratio of -1,225.07 and a beta of 1.43.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Enpro had a negative net margin of 0.26% and a positive return on equity of 9.17%. The business had revenue of $257.50 million during the quarter, compared to analysts’ expectations of $269.00 million. During the same quarter in the prior year, the company earned $1.95 EPS. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. On average, sell-side analysts expect that Enpro Inc. will post 7.45 earnings per share for the current fiscal year.

Enpro Announces Dividend

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, June 5th. Enpro’s dividend payout ratio is currently -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.