Graham Capital Management L.P. Sells 251 Shares of Enpro Inc. (NYSE:NPO)

Graham Capital Management L.P. decreased its stake in shares of Enpro Inc. (NYSE:NPO) by 6.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,902 shares of the industrial products company’s stock after selling 251 shares during the period. Graham Capital Management L.P.’s holdings in Enpro were worth $673,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. OFI Invest Asset Management purchased a new stake in shares of Enpro in the fourth quarter worth about $60,000. Canada Pension Plan Investment Board purchased a new position in Enpro during the fourth quarter valued at approximately $69,000. Sterling Capital Management LLC increased its holdings in Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 527 shares during the period. Smartleaf Asset Management LLC lifted its stake in Enpro by 386.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 514 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Enpro by 34.2% in the 4th quarter. KBC Group NV now owns 891 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 227 shares during the period. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Down 2.6%

NPO stock opened at $181.70 on Thursday. Enpro Inc. has a 1-year low of $133.50 and a 1-year high of $214.58. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 52.51 and a beta of 1.51. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $160.19 and its 200 day moving average is $172.02.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.33. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. During the same quarter in the prior year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.24 annualized dividend and a yield of 0.68%. Enpro’s payout ratio is 30.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Sidoti raised shares of Enpro to a “strong-buy” rating in a report on Wednesday, April 23rd. KeyCorp reduced their target price on Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

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.