Pitcairn Co. Trims Stake in Enpro Inc. (NYSE:NPO)

Pitcairn Co. lessened its holdings in Enpro Inc. (NYSE:NPO) by 12.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,835 shares of the industrial products company’s stock after selling 540 shares during the period. Pitcairn Co.’s holdings in Enpro were worth $622,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in shares of Enpro in the 2nd quarter valued at about $29,000. GAMMA Investing LLC increased its position in shares of Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 200 shares during the last quarter. Innealta Capital LLC purchased a new stake in Enpro in the second quarter valued at approximately $48,000. Blue Trust Inc. lifted its position in 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 last quarter. Finally, KBC Group NV grew its stake in Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after buying an additional 130 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the transaction, the chief accounting officer now owns 130 shares in the company, valued at approximately $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enpro Price Performance

NPO opened at $189.06 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.97 billion, a P/E ratio of 73.55 and a beta of 1.41. The stock has a 50-day moving average price of $159.05 and a 200-day moving average price of $154.59. Enpro Inc. has a 12-month low of $126.71 and a 12-month high of $190.32.

Enpro (NYSE:NPO) last issued 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 business had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. Equities analysts predict that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, December 4th. Enpro’s dividend payout ratio is presently 46.69%.

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.