New York State Common Retirement Fund Decreases Stock Holdings in Enpro Inc. (NYSE:NPO)

New York State Common Retirement Fund reduced its position in shares of Enpro Inc. (NYSE:NPO) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,769 shares of the industrial products company’s stock after selling 221 shares during the period. New York State Common Retirement Fund’s holdings in Enpro were worth $2,001,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Enpro by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 282,082 shares of the industrial products company’s stock worth $34,186,000 after buying an additional 56,757 shares during the period. Welch Group LLC purchased a new stake in Enpro in the fourth quarter worth $313,000. Nordea Investment Management AB lifted its stake in Enpro by 326.2% in the third quarter. Nordea Investment Management AB now owns 17,237 shares of the industrial products company’s stock worth $2,115,000 after acquiring an additional 13,193 shares during the period. Kennedy Capital Management LLC boosted its holdings in Enpro by 352.5% in the third quarter. Kennedy Capital Management LLC now owns 64,937 shares of the industrial products company’s stock valued at $7,870,000 after acquiring an additional 50,587 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its position in Enpro by 7.2% during the 3rd quarter. Congress Asset Management Co. MA now owns 263,793 shares of the industrial products company’s stock valued at $31,969,000 after purchasing an additional 17,631 shares during the period. 98.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Enpro Stock Performance

Enpro stock opened at $147.18 on Thursday. Enpro Inc. has a fifty-two week low of $93.23 and a fifty-two week high of $170.63. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 138.84 and a beta of 1.55. The stock’s 50 day simple moving average is $156.89 and its two-hundred day simple moving average is $147.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.59 and a current ratio of 3.31.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $257.50 million for the quarter, compared to analysts’ expectations of $269.00 million. Enpro had a net margin of 2.10% and a return on equity of 9.67%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.95 EPS. As a group, analysts expect that Enpro Inc. will post 7.43 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 4th. Enpro’s dividend payout ratio is 113.21%.

Insider Buying and Selling at Enpro

In other news, CAO Robert Savage Mclean sold 6,400 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at approximately $4,585,105.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robert Savage Mclean sold 6,400 shares of Enpro stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at $4,585,105.52. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Enpro Company 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.