Crossmark Global Holdings Inc. Has $202,000 Position in Enpro Inc. (NYSE:NPO)

Crossmark Global Holdings Inc. lessened its holdings in Enpro Inc. (NYSE:NPO) by 5.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,389 shares of the industrial products company’s stock after selling 79 shares during the period. Crossmark Global Holdings Inc.’s holdings in Enpro were worth $202,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Enpro in the 2nd quarter valued at approximately $29,000. Innealta Capital LLC bought a new stake in shares of Enpro in the second quarter worth $48,000. Simplex Trading LLC increased its holdings in Enpro by 5,227.3% in the fourth quarter. Simplex Trading LLC now owns 1,172 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 1,150 shares during the period. Quadrant Capital Group LLC raised its position in Enpro by 12.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 134 shares during the last quarter. Finally, Fulton Bank N.A. bought a new position in Enpro during the 1st quarter worth $211,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Performance

NYSE:NPO opened at $147.92 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. Enpro Inc. has a fifty-two week low of $106.08 and a fifty-two week high of $176.13. The company has a 50 day simple moving average of $155.53 and a two-hundred day simple moving average of $154.30. The company has a market capitalization of $3.10 billion, a PE ratio of -1,056.57 and a beta of 1.43.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.23. The company had revenue of $271.90 million during the quarter, compared to analysts’ expectations of $270.90 million. Enpro had a net margin of 4.14% and a return on equity of 9.54%. Enpro’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 earnings per share. Research analysts anticipate that Enpro Inc. will post 7.4 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, September 4th. Enpro’s dividend payout ratio is -857.14%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Monday.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the sale, the chief accounting officer now owns 604 shares of the company’s stock, valued at $90,636.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Enpro 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.