Verition Fund Management LLC Purchases New Shares in Enpro Inc. (NYSE:NPO)

Verition Fund Management LLC acquired a new position in Enpro Inc. (NYSE:NPO) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,369 shares of the industrial products company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Enpro by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 104 shares during the period. Louisiana State Employees Retirement System grew its position in Enpro by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock worth $1,528,000 after buying an additional 100 shares in the last quarter. Argent Capital Management LLC increased its stake in Enpro by 61.1% during the 2nd quarter. Argent Capital Management LLC now owns 2,500 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 948 shares during the period. Tributary Capital Management LLC raised its holdings in Enpro by 0.6% in the 2nd quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company’s stock valued at $26,837,000 after acquiring an additional 1,077 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Enpro by 4.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,339 shares of the industrial products company’s stock valued at $632,000 after acquiring an additional 186 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NPO shares. StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. KeyCorp increased their price objective on shares of Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 300 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 130 shares in the company, valued at approximately $21,125. This represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Enpro Stock Performance

Shares of NYSE:NPO opened at $189.31 on Monday. Enpro Inc. has a 1 year low of $136.68 and a 1 year high of $197.94. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 73.66 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. The company’s 50 day simple moving average is $168.67 and its 200 day simple moving average is $159.02.

Enpro (NYSE:NPO) last issued its quarterly earnings results 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). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business had revenue of $260.90 million during the quarter, compared to the consensus estimate of $264.47 million. During the same quarter in the previous year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts predict that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, December 4th. Enpro’s payout ratio 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.