State of Alaska Department of Revenue Sells 332 Shares of Enpro Inc. (NYSE:NPO)

State of Alaska Department of Revenue trimmed its holdings in Enpro Inc. (NYSE:NPO) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,970 shares of the industrial products company’s stock after selling 332 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Enpro worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NPO. Argent Capital Management LLC lifted its position in Enpro by 59.2% in the 3rd quarter. Argent Capital Management LLC now owns 3,979 shares of the industrial products company’s stock valued at $645,000 after acquiring an additional 1,479 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of Enpro in the third quarter worth approximately $200,000. Blue Trust Inc. lifted its holdings in shares of Enpro by 357.4% in 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 in the last quarter. AlphaMark Advisors LLC purchased a new position in shares of Enpro during the third quarter valued at approximately $352,000. Finally, Creative Planning grew its holdings in Enpro by 32.9% during the third quarter. Creative Planning now owns 4,652 shares of the industrial products company’s stock worth $754,000 after buying an additional 1,151 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 1,548 shares of the firm’s 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 sale, the chief accounting officer now owns 604 shares in the company, valued at approximately $90,636.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.

Enpro Stock Up 1.2 %

Enpro stock opened at $147.32 on Friday. Enpro Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $176.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. The firm’s 50-day simple moving average is $155.26 and its 200 day simple moving average is $152.97. The stock has a market cap of $3.09 billion, a PE ratio of 72.93 and a beta of 1.40.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.23. The firm had revenue of $271.90 million for the quarter, compared to the consensus estimate of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 EPS. Research analysts predict that Enpro Inc. will post 7.4 EPS for the current fiscal year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. Enpro’s payout ratio is 59.41%.

Wall Street Analysts Forecast Growth

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

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.