Charles Schwab Investment Management Inc. Acquires 3,218 Shares of Enpro Inc. (NYSE:NPO)

Charles Schwab Investment Management Inc. raised its holdings in shares of Enpro Inc. (NYSE:NPO) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 249,165 shares of the industrial products company’s stock after buying an additional 3,218 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Enpro were worth $40,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NPO. Tidal Investments LLC lifted its holdings in shares of Enpro by 14.5% in the 1st quarter. Tidal Investments LLC now owns 1,826 shares of the industrial products company’s stock valued at $308,000 after acquiring an additional 231 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Enpro during the second quarter worth approximately $29,000. Envestnet Portfolio Solutions Inc. raised its position in Enpro by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company’s stock valued at $466,000 after purchasing an additional 104 shares during the period. Welch Group LLC lifted its stake in shares of Enpro by 100.0% in the 2nd quarter. Welch Group LLC now owns 4,000 shares of the industrial products company’s stock valued at $582,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Leeward Investments LLC MA boosted its holdings in shares of Enpro by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 133,242 shares of the industrial products company’s stock worth $19,396,000 after purchasing an additional 7,070 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Steven R. Bower sold 300 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was 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 of the company’s stock, valued at $21,125. This represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

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

Enpro Price Performance

Enpro stock opened at $193.94 on Tuesday. Enpro Inc. has a 12-month low of $130.20 and a 12-month high of $194.08. 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 firm has a 50-day moving average price of $162.79 and a 200-day moving average price of $156.25. The firm has a market capitalization of $4.07 billion, a PE ratio of 75.46 and a beta of 1.41.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). The firm had revenue of $260.90 million during the quarter, compared to the consensus estimate of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 EPS. As a group, equities research analysts forecast that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.62%. Enpro’s dividend payout ratio (DPR) is 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.