Envestnet Asset Management Inc. Trims Stock Position in Enpro Inc. (NYSE:NPO)

Envestnet Asset Management Inc. lowered its stake in Enpro Inc. (NYSE:NPO) by 12.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,771 shares of the industrial products company’s stock after selling 8,584 shares during the quarter. Envestnet Asset Management Inc. owned about 0.29% of Enpro worth $8,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NPO. Swedbank AB purchased a new stake in shares of Enpro in the first quarter worth about $28,691,000. Norges Bank bought a new position in shares of Enpro in the fourth quarter worth about $24,026,000. F M Investments LLC purchased a new position in shares of Enpro during the second quarter worth approximately $14,315,000. Schroder Investment Management Group raised its position in Enpro by 51.3% during the 4th quarter. Schroder Investment Management Group now owns 104,837 shares of the industrial products company’s stock valued at $16,432,000 after purchasing an additional 35,546 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its holdings in shares of Enpro by 10.5% in the first quarter. Congress Asset Management Co. MA now owns 312,823 shares of the industrial products company’s stock valued at $52,795,000 after acquiring an additional 29,694 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Enpro from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

Enpro Stock Performance

NPO opened at $161.80 on Friday. The firm’s 50-day moving average price is $156.48 and its 200-day moving average price is $154.12. The company has a market cap of $3.39 billion, a P/E ratio of -1,155.71 and a beta of 1.40. Enpro Inc. has a 52-week low of $106.08 and a 52-week high of $176.13. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $270.90 million. During the same period in the prior year, the company earned $1.83 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. As a group, equities analysts anticipate that Enpro Inc. will post 7.4 EPS for the current fiscal year.

Enpro Dividend Announcement

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

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.