Chartwell Investment Partners LLC Reduces Position in Enpro Inc. (NYSE:NPO)

Chartwell Investment Partners LLC trimmed its position in Enpro Inc. (NYSE:NPO) by 9.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 66,036 shares of the industrial products company’s stock after selling 6,546 shares during the period. Chartwell Investment Partners LLC’s holdings in Enpro were worth $10,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NPO. Opal Wealth Advisors LLC bought a new position in shares of Enpro during the second quarter valued at about $29,000. Innealta Capital LLC purchased a new stake in Enpro in the 2nd quarter worth approximately $48,000. GAMMA Investing LLC grew its position 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 worth $52,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 411 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new stake in Enpro in the third quarter worth $200,000. 98.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Enpro Trading Up 0.0 %

NPO opened at $163.56 on Monday. The company has a quick ratio of 1.90, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. Enpro Inc. has a 52 week low of $116.43 and a 52 week high of $176.13. The stock has a market cap of $3.43 billion, a PE ratio of 63.64 and a beta of 1.41. The business has a 50 day moving average of $154.85 and a 200-day moving average of $153.17.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). Enpro had a return on equity of 9.71% and a net margin of 5.20%. The business had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. During the same period in the prior year, the company earned $1.58 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts predict that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.73%. Enpro’s payout ratio is currently 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.