Principal Financial Group Inc. Sells 4,516 Shares of Enpro Inc. (NYSE:NPO)

Principal Financial Group Inc. trimmed its position in shares of Enpro Inc. (NYSE:NPO) by 4.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,924 shares of the industrial products company’s stock after selling 4,516 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Enpro worth $16,043,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Enpro in the 2nd quarter valued at $29,000. GAMMA Investing LLC raised its holdings in shares of Enpro by 168.1% in the 3rd 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 in the last quarter. Innealta Capital LLC purchased a new stake in shares of Enpro in the 2nd quarter valued at about $48,000. Blue Trust Inc. increased its position in shares of Enpro by 357.4% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 411 shares during the last quarter. Finally, OLD National Bancorp IN bought a new position in shares of Enpro during the 3rd quarter valued at about $200,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction dated 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 owns 130 shares of the company’s stock, valued at approximately $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Enpro Price Performance

Shares of NPO stock opened at $165.78 on Friday. The firm has a market cap of $3.48 billion, a P/E ratio of 64.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The business’s 50 day moving average price is $156.21 and its 200-day moving average price is $153.61. Enpro Inc. has a fifty-two week low of $123.56 and a fifty-two week high of $176.13.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 EPS. On average, equities research analysts anticipate that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

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 issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s payout ratio is 46.69%.

Enpro 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.