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

Enpro Inc. (NYSE:NPO)’s stock price 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 Upgrades and Downgrades

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

Enpro Stock Up 2.9 %

The stock’s fifty day moving average is $154.73 and its two-hundred day moving average is $152.88. The company has a market capitalization of $3.16 billion, a PE ratio of 72.59 and a beta of 1.41. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45.

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

Enpro Dividend Announcement

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

Insider Activity

In related news, CAO Steven R. Bower sold 1,548 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $150.06, for a total value of $232,292.88. Following the transaction, the chief accounting officer now directly owns 604 shares in the company, valued at approximately $90,636.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Enpro

A number of institutional investors have recently made changes to their positions in NPO. Opal Wealth Advisors LLC purchased a new stake in shares of Enpro during the second quarter valued at approximately $29,000. Innealta Capital LLC purchased a new stake in shares of Enpro during the second quarter valued at approximately $48,000. GAMMA Investing LLC boosted its stake in shares of Enpro by 168.1% during the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. boosted its stake in shares of Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 411 shares during the period. Finally, OLD National Bancorp IN purchased a new stake in shares of Enpro during the third quarter valued at approximately $200,000. Hedge funds and other 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.