First Eagle Investment Management LLC Purchases 600 Shares of Enpro Inc. (NYSE:NPO)

First Eagle Investment Management LLC raised its position in Enpro Inc. (NYSE:NPO) by 0.9% during the second quarter, Holdings Channel.com reports. The fund owned 66,093 shares of the industrial products company’s stock after purchasing an additional 600 shares during the quarter. First Eagle Investment Management LLC’s holdings in Enpro were worth $9,621,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Enpro in the 2nd quarter worth $29,000. Innealta Capital LLC bought a new position in Enpro in the second quarter worth about $48,000. Fulton Bank N.A. purchased a new stake in Enpro in the first quarter worth about $211,000. Vanguard Personalized Indexing Management LLC bought a new stake in Enpro during the 4th quarter valued at approximately $221,000. Finally, Choreo LLC purchased a new position in shares of Enpro during the 2nd quarter worth approximately $207,000. Institutional investors own 98.31% of the company’s stock.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the transaction, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Enpro Stock Performance

Shares of Enpro stock opened at $162.41 on Friday. Enpro Inc. has a 12 month low of $106.08 and a 12 month high of $176.13. The firm has a market capitalization of $3.40 billion, a P/E ratio of -1,160.07 and a beta of 1.40. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $156.83 and a two-hundred day simple moving average of $153.91.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The company had revenue of $271.90 million during the quarter, compared to analysts’ expectations of $270.90 million. During the same period last year, the company posted $1.83 EPS. Enpro’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast that Enpro Inc. will post 7.4 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a $0.30 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.74%. Enpro’s dividend payout ratio is currently -857.14%.

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.

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.