Enpro Inc. (NYSE:NPO) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of Enpro Inc. (NYSE:NPO) by 3.7% in the fourth quarter, HoldingsChannel reports. The fund owned 2,609 shares of the industrial products company’s stock after selling 100 shares during the period. Nisa Investment Advisors LLC’s holdings in Enpro were worth $409,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in shares of Enpro in the 2nd quarter worth $63,000. Tower Research Capital LLC TRC raised its stake in shares of Enpro by 61.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,145 shares of the industrial products company’s stock worth $153,000 after buying an additional 435 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of Enpro in the 1st quarter worth $182,000. Baird Financial Group Inc. bought a new stake in shares of Enpro in the 3rd quarter worth $206,000. Finally, Captrust Financial Advisors raised its stake in shares of Enpro by 7.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,615 shares of the industrial products company’s stock worth $214,000 after buying an additional 178 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Enpro

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

Enpro Stock Down 1.9 %

Shares of Enpro stock opened at $152.03 on Thursday. The stock’s fifty day moving average is $159.58 and its 200-day moving average is $144.34. The firm has a market capitalization of $3.18 billion, a PE ratio of 143.43 and a beta of 1.55. The company has a quick ratio of 2.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.45. Enpro Inc. has a 12-month low of $92.04 and a 12-month high of $170.63.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.28). The company had revenue of $241.90 million for the quarter, compared to analyst estimates of $264.10 million. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share. Equities analysts anticipate that Enpro Inc. will post 7.43 earnings per share for the current 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 dividend of $0.30 per share. The ex-dividend date was Tuesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. Enpro’s payout ratio is 113.21%.

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.