Inspire Investing LLC Purchases 124 Shares of Enpro Inc. (NYSE:NPO)

Inspire Investing LLC lifted its position in Enpro Inc. (NYSE:NPO) by 5.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,552 shares of the industrial products company’s stock after buying an additional 124 shares during the period. Inspire Investing LLC’s holdings in Enpro were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 acquiring an additional 200 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Enpro by 9.5% during the third quarter. Handelsbanken Fonder AB now owns 4,600 shares of the industrial products company’s stock worth $746,000 after purchasing an additional 400 shares during the period. SG Americas Securities LLC purchased a new stake in Enpro in the third quarter worth about $1,209,000. Sanctuary Advisors LLC purchased a new stake in Enpro in the second quarter worth about $203,000. Finally, Creative Planning lifted its holdings in Enpro by 3.1% in the second quarter. Creative Planning now owns 3,501 shares of the industrial products company’s stock worth $510,000 after buying an additional 106 shares during the period. Institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

Shares of NPO opened at $157.03 on Thursday. The company has a market capitalization of $3.29 billion, a P/E ratio of -1,121.64 and a beta of 1.40. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $155.44 and a 200 day moving average of $153.92. Enpro Inc. has a twelve month low of $106.08 and a twelve month high of $176.13.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.23. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The company had revenue of $271.90 million for the quarter, compared to analysts’ expectations of $270.90 million. During the same quarter last year, the company posted $1.83 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Enpro Inc. will post 7.4 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, September 4th. Enpro’s dividend payout ratio is currently -857.14%.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction on Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the transaction, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research note 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.