Enpro Inc. (NYSE:NPO) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its position in shares of Enpro Inc. (NYSE:NPO) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,552 shares of the industrial products company’s stock after selling 95 shares during the period. Arizona State Retirement System’s holdings in Enpro were worth $870,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in Enpro during the second quarter valued at about $63,000. Tower Research Capital LLC TRC grew its position in Enpro by 61.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,145 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 435 shares during the period. Systematic Financial Management LP purchased a new stake in Enpro during the first quarter valued at about $182,000. GSA Capital Partners LLP purchased a new stake in Enpro during the third quarter valued at about $233,000. Finally, AlphaMark Advisors LLC purchased a new stake in Enpro during the third quarter valued at about $236,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Insider Transactions at Enpro

In other news, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the sale, the chief accounting officer now owns 28,961 shares of the company’s stock, valued at $4,585,105.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert Savage Mclean sold 6,400 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet raised Enpro from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

Enpro Price Performance

Shares of NYSE NPO opened at $155.05 on Wednesday. Enpro Inc. has a 1-year low of $92.04 and a 1-year high of $170.63. The business has a 50-day moving average of $159.62 and a 200-day moving average of $144.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.31 and a quick ratio of 2.59. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 146.27 and a beta of 1.55.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.28). Enpro had a return on equity of 9.67% and a net margin of 2.10%. The company had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $264.10 million. During the same period in the previous year, the company earned $1.47 EPS. Enpro’s quarterly revenue was down 11.0% on a year-over-year basis. On average, equities analysts anticipate that Enpro Inc. will post 7.43 EPS for the current fiscal year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a $0.30 dividend. This is an increase from Enpro’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.77%. Enpro’s dividend payout ratio is presently 113.21%.

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.