Sanctuary Advisors LLC Buys 143 Shares of Enpro Inc. (NYSE:NPO)

Sanctuary Advisors LLC raised its position in shares of Enpro Inc. (NYSE:NPO) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,494 shares of the industrial products company’s stock after buying an additional 143 shares during the quarter. Sanctuary Advisors LLC’s holdings in Enpro were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NPO. Renaissance Technologies LLC grew its holdings in shares of Enpro by 129.7% during the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after buying an additional 16,600 shares during the last quarter. Belmont Capital LLC bought a new position in shares of Enpro in the 3rd quarter worth approximately $565,000. TD Asset Management Inc increased its stake in shares of Enpro by 24.5% in the 2nd quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 3,674 shares in the last quarter. Harvey Partners LLC raised its stake in shares of Enpro by 1.9% in the third quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company’s stock worth $34,463,000 after buying an additional 4,000 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Enpro by 10.6% in the third quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock worth $1,689,000 after purchasing an additional 995 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Stock Performance

Shares of NYSE NPO opened at $173.54 on Monday. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 67.53 and a beta of 1.49. The company has a 50 day simple moving average of $172.35 and a two-hundred day simple moving average of $160.91. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. Enpro Inc. has a 12 month low of $136.68 and a 12 month 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 the consensus estimate 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 net margin of 5.20% and a return on equity of 9.71%. The business’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 earnings per share. As a group, analysts predict that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. Enpro’s dividend payout ratio is presently 46.69%.

Insiders Place Their Bets

In related 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 completion of the sale, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at $21,125. This trade 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 this link. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NPO has been the topic of several research analyst reports. StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Oppenheimer lifted their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, KeyCorp raised their price target on shares of Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th.

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.