The Manufacturers Life Insurance Company Lowers Position in Enpro Inc. (NYSE:NPO)

The Manufacturers Life Insurance Company decreased its stake in shares of Enpro Inc. (NYSE:NPO) by 1.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,428 shares of the industrial products company’s stock after selling 146 shares during the period. The Manufacturers Life Insurance Company’s holdings in Enpro were worth $1,853,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NPO. Innealta Capital LLC bought a new position in Enpro during the 2nd quarter valued at $48,000. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Enpro by 357.4% during 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. KBC Group NV boosted its holdings in Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares during the last quarter. Finally, OLD National Bancorp IN bought a new stake in Enpro in the 3rd quarter worth about $200,000. Institutional investors own 98.31% of the company’s stock.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the sale, the chief accounting officer now owns 130 shares in the company, valued at $21,125. This represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Enpro Stock Up 0.7 %

NPO stock opened at $194.29 on Tuesday. The stock has a market cap of $4.08 billion, a P/E ratio of 75.60 and a beta of 1.48. 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 stock’s fifty day simple moving average is $166.11 and its two-hundred day simple moving average is $157.81. Enpro Inc. has a 1-year low of $134.40 and a 1-year high of $197.94.

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

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.62%. Enpro’s payout ratio is 46.69%.

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.