Insider Selling: Enpro Inc. (NYSE:NPO) CAO Sells 997 Shares of Stock

Enpro Inc. (NYSE:NPO) CAO Steven R. Bower sold 997 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Enpro Stock Down 4.5 %

NYSE:NPO opened at $186.37 on Friday. Enpro Inc. has a one year low of $136.68 and a one year high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The company has a market cap of $3.95 billion, a PE ratio of 53.86 and a beta of 1.49. The firm’s 50 day simple moving average is $180.85 and its 200 day simple moving average is $169.52.

Enpro (NYSE:NPO) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. Enpro’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. On average, research analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Wednesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.30. Enpro’s payout ratio is 35.84%.

Hedge Funds Weigh In On Enpro

Hedge funds have recently made changes to their positions in the stock. OFI Invest Asset Management bought a new stake in Enpro in the fourth quarter valued at approximately $60,000. Canada Pension Plan Investment Board acquired a new position in shares of Enpro in the 4th quarter worth approximately $69,000. Blue Trust Inc. boosted its stake in shares of Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 411 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Enpro by 786.6% during the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock worth $102,000 after buying an additional 527 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Enpro during the third quarter worth $99,000. 98.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp boosted their price objective on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer upped their target price on Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, December 16th.

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.