Enpro Inc. (NYSE:NPO) CAO Steven R. Bower Sells 300 Shares

Enpro Inc. (NYSE:NPO) CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value 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 represents a 69.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Enpro Price Performance

NPO stock traded up $1.48 during midday trading on Friday, reaching $165.12. The company had a trading volume of 118,184 shares, compared to its average volume of 95,721. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 63.67 and a beta of 1.41. The stock has a 50 day moving average price of $155.81 and a 200-day moving average price of $153.51. Enpro Inc. has a 1-year low of $123.56 and a 1-year high of $176.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The company 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% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. Equities research analysts expect that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio is presently 46.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NPO. Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the second quarter worth about $29,000. GAMMA Investing LLC lifted its stake in Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after buying an additional 200 shares during the period. Innealta Capital LLC acquired a new position in Enpro in the second quarter valued at approximately $48,000. Blue Trust Inc. raised its position 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 worth $85,000 after purchasing an additional 411 shares during the period. Finally, KBC Group NV raised its position in shares of Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares during the period. Institutional investors own 98.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.