Insider Selling: Enpro Inc. (NYSE:NPO) CAO Sells 1,548 Shares of Stock

Enpro Inc. (NYSE:NPO) CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.06, for a total transaction of $232,292.88. Following the sale, the chief accounting officer now directly owns 604 shares in the company, valued at approximately $90,636.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Enpro Trading Down 2.1 %

Shares of NPO stock traded down $3.09 on Monday, hitting $146.39. 21,524 shares of the stock traded hands, compared to its average volume of 100,355. The stock has a market capitalization of $3.07 billion, a PE ratio of -1,067.71 and a beta of 1.43. Enpro Inc. has a twelve month low of $106.08 and a twelve month high of $176.13. The firm’s 50-day moving average price is $152.83 and its two-hundred day moving average price is $154.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.77 and a current ratio of 2.59.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.23. The company had revenue of $271.90 million for the quarter, compared to analyst estimates of $270.90 million. Enpro had a negative net margin of 0.26% and a positive return on equity of 9.17%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. As a group, analysts anticipate that Enpro Inc. will post 7.45 EPS for the current year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. Enpro’s dividend payout ratio (DPR) is presently -857.14%.

Institutional Trading of Enpro

Institutional investors and hedge funds have recently bought and sold shares of the business. Pitcairn Co. increased its stake in shares of Enpro by 1.9% during the first quarter. Pitcairn Co. now owns 4,050 shares of the industrial products company’s stock worth $684,000 after buying an additional 77 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of Enpro by 0.7% during the first quarter. Illinois Municipal Retirement Fund now owns 12,198 shares of the industrial products company’s stock worth $2,059,000 after buying an additional 85 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Enpro by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock worth $1,528,000 after buying an additional 100 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Enpro by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company’s stock worth $466,000 after buying an additional 104 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in shares of Enpro by 0.4% during the first quarter. Bahl & Gaynor Inc. now owns 33,891 shares of the industrial products company’s stock worth $5,720,000 after buying an additional 122 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

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.