Enpro Inc. (NYSE:NPO) Shares Bought by Harvey Partners LLC

Harvey Partners LLC increased its stake in Enpro Inc. (NYSE:NPO) by 1.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 212,500 shares of the industrial products company’s stock after acquiring an additional 4,000 shares during the quarter. Enpro makes up 3.9% of Harvey Partners LLC’s holdings, making the stock its 8th largest holding. Harvey Partners LLC owned about 1.01% of Enpro worth $34,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Enpro by 129.7% in the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock worth $4,280,000 after purchasing an additional 16,600 shares during the period. Belmont Capital LLC acquired a new position in shares of Enpro in the 3rd quarter valued at about $565,000. TD Asset Management Inc lifted its position in shares of Enpro by 24.5% in the second quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 3,674 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Enpro by 3.7% during the third quarter. Segall Bryant & Hamill LLC now owns 140,657 shares of the industrial products company’s stock worth $22,812,000 after purchasing an additional 5,051 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Enpro by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock valued at $1,528,000 after buying an additional 100 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Price Performance

NYSE NPO opened at $193.94 on Tuesday. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $4.07 billion, a PE ratio of 75.46 and a beta of 1.48. Enpro Inc. has a 12-month low of $130.20 and a 12-month high of $194.08. The company has a 50 day moving average price of $162.79 and a two-hundred day moving average price of $156.25.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business 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 revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS. As a group, equities analysts predict that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Announces Dividend

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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio is currently 46.69%.

Analyst Ratings Changes

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

Insider Activity

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

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.