Vanguard Group Inc. Acquires 22,611 Shares of Enpro Inc. (NYSE:NPO)

Vanguard Group Inc. raised its stake in shares of Enpro Inc. (NYSE:NPO) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,335,491 shares of the industrial products company’s stock after acquiring an additional 22,611 shares during the quarter. Vanguard Group Inc. owned approximately 11.07% of Enpro worth $366,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NPO. Simplex Trading LLC grew its stake in Enpro by 5,227.3% in the fourth quarter. Simplex Trading LLC now owns 1,172 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 1,150 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Enpro by 12.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the industrial products company’s stock worth $189,000 after buying an additional 134 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Enpro during the 4th quarter worth approximately $203,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Enpro during the fourth quarter valued at approximately $221,000. Finally, Romano Brothers AND Company acquired a new stake in Enpro in the fourth quarter valued at approximately $235,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Stock Performance

Shares of NPO stock opened at $144.59 on Friday. Enpro Inc. has a 12-month low of $106.08 and a 12-month high of $170.63. The business’s fifty day simple moving average is $148.78 and its 200-day simple moving average is $153.19. The company has a current ratio of 2.59, a quick ratio of 1.77 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.03 billion, a PE ratio of -1,032.71 and a beta of 1.46.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.03. The company had revenue of $257.50 million for the quarter, compared to the consensus estimate of $269.00 million. Enpro had a negative net margin of 0.26% and a positive return on equity of 9.17%. Enpro’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 EPS. Analysts expect that Enpro Inc. will post 7.45 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, June 5th. Enpro’s payout ratio is -857.08%.

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.