Hsbc Holdings PLC Has $453,000 Stock Holdings in Enpro Inc. (NYSE:NPO)

Hsbc Holdings PLC decreased its holdings in shares of Enpro Inc. (NYSE:NPO) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,136 shares of the industrial products company’s stock after selling 156 shares during the period. Hsbc Holdings PLC’s holdings in Enpro were worth $453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the 2nd quarter valued at $29,000. Innealta Capital LLC bought a new stake in shares of Enpro during the 2nd quarter valued at $48,000. Choreo LLC bought a new stake in shares of Enpro during the 2nd quarter valued at $207,000. Fulton Bank N.A. bought a new stake in shares of Enpro during the 1st quarter valued at $211,000. Finally, Argent Capital Management LLC bought a new stake in shares of Enpro during the 1st quarter valued at $262,000. Institutional investors own 98.31% of the company’s stock.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the transaction, the chief accounting officer now directly owns 604 shares in the company, valued at approximately $90,636.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Enpro Price Performance

NPO opened at $158.45 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. Enpro Inc. has a 12 month low of $106.08 and a 12 month high of $176.13. The company has a fifty day simple moving average of $156.42 and a 200 day simple moving average of $154.12. The stock has a market cap of $3.32 billion, a P/E ratio of -1,131.79 and a beta of 1.40.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. The business 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%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. On average, research analysts expect that Enpro Inc. will post 7.4 EPS for the current year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.76%. Enpro’s dividend payout ratio is -857.14%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

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.