Amalgamated Bank Has $1 Million Stake in Enpro Inc. (NYSE:NPO)

Amalgamated Bank lessened its stake in shares of Enpro Inc. (NYSE:NPO) by 3.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,174 shares of the industrial products company’s stock after selling 228 shares during the period. Amalgamated Bank’s holdings in Enpro were worth $1,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new stake in Enpro in the second quarter valued at $29,000. Innealta Capital LLC bought a new stake in Enpro in the 2nd quarter valued at about $48,000. GAMMA Investing LLC grew its stake in 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 acquiring an additional 200 shares during the period. Blue Trust Inc. increased its holdings 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 acquiring an additional 411 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in shares of Enpro during the third quarter valued at approximately $200,000. 98.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Enpro Trading Up 0.6 %

NYSE:NPO opened at $163.64 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. Enpro Inc. has a one year low of $123.56 and a one year high of $176.13. The company has a market cap of $3.43 billion, a PE ratio of 63.67 and a beta of 1.41. The firm has a 50-day moving average of $155.81 and a 200-day moving average of $153.51.

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

Enpro Announces Dividend

The business also recently disclosed 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 0.73%. The ex-dividend date is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is presently 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.