Enpro Inc. (NYSE:NPO) CAO Steven R. Bower Sells 997 Shares

Enpro Inc. (NYSE:NPO) CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Enpro Stock Down 2.4 %

NYSE NPO opened at $194.89 on Thursday. The firm has a market cap of $4.09 billion, a PE ratio of 56.33 and a beta of 1.49. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58. The stock’s 50 day simple moving average is $180.63 and its 200 day simple moving average is $169.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00.

Enpro (NYSE:NPO) last released its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.19 EPS. As a group, sell-side analysts forecast that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.31 dividend. This is a positive change from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, March 5th. Enpro’s dividend payout ratio (DPR) is currently 35.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NPO shares. KeyCorp upped their price target on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. StockNews.com cut Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Oppenheimer increased their target price on Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, December 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Enpro by 0.9% in the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after purchasing an additional 11,643 shares in the last quarter. Capital International Investors increased its position in shares of Enpro by 6.8% in the fourth quarter. Capital International Investors now owns 964,470 shares of the industrial products company’s stock valued at $166,323,000 after acquiring an additional 60,998 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Enpro by 4.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company’s stock valued at $163,947,000 after acquiring an additional 36,501 shares during the last quarter. State Street Corp increased its position in shares of Enpro by 1.1% in the third quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock valued at $130,972,000 after acquiring an additional 9,127 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Enpro by 1.1% in the fourth quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company’s stock valued at $123,725,000 after acquiring an additional 7,911 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

Enpro Company 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.