Thrivent Financial for Lutherans Decreases Holdings in Enpro Inc. (NYSE:NPO)

Thrivent Financial for Lutherans reduced its stake in Enpro Inc. (NYSE:NPO) by 5.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 16,472 shares of the industrial products company’s stock after selling 921 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Enpro worth $2,671,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NPO. Swedbank AB bought a new stake in shares of Enpro in the 1st quarter worth approximately $28,691,000. F M Investments LLC purchased a new position in shares of Enpro during the 2nd quarter valued at $14,315,000. Renaissance Technologies LLC grew its stake in shares of Enpro by 129.7% during the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock worth $4,280,000 after acquiring an additional 16,600 shares during the period. Congress Asset Management Co. increased its holdings in Enpro by 4.2% in the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after acquiring an additional 12,316 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Enpro by 24.8% in the 2nd quarter. Sei Investments Co. now owns 40,897 shares of the industrial products company’s stock valued at $5,953,000 after acquiring an additional 8,125 shares during the period. Institutional investors own 98.31% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Enpro Trading Down 0.7 %

Shares of NPO stock opened at $187.65 on Wednesday. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 73.02 and a beta of 1.41. The company’s fifty day simple moving average is $159.74 and its two-hundred day simple moving average is $154.87. Enpro Inc. has a 1 year low of $126.71 and a 1 year high of $190.32. 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 (NYSE:NPO) last issued 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 return on equity of 9.71% and a net margin of 5.20%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. As a group, analysts anticipate that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. 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.