Victory Capital Management Inc. Has $1 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Victory Capital Management Inc. lowered its stake in shares of Enpro Inc. (NYSE:NPO) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,894 shares of the industrial products company’s stock after selling 371 shares during the period. Victory Capital Management Inc.’s holdings in Enpro were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NPO. Vanguard Personalized Indexing Management LLC acquired a new position in Enpro during the 4th quarter worth approximately $221,000. Norges Bank bought a new stake in shares of Enpro during the fourth quarter valued at approximately $24,026,000. Aigen Investment Management LP acquired a new position in shares of Enpro during the fourth quarter worth approximately $261,000. US Bancorp DE lifted its holdings in shares of Enpro by 1.7% in the 4th quarter. US Bancorp DE now owns 9,305 shares of the industrial products company’s stock worth $1,458,000 after purchasing an additional 158 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in Enpro in the 4th quarter valued at $708,000. Institutional investors own 98.31% of the company’s stock.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total value of $232,292.88. Following the completion of the sale, the chief accounting officer now owns 604 shares in the company, valued at approximately $90,636.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Enpro Price Performance

NPO stock opened at $159.34 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. The business has a 50-day simple moving average of $156.91 and a two-hundred day simple moving average of $153.96. The company has a market capitalization of $3.34 billion, a P/E ratio of -1,138.14 and a beta of 1.40. Enpro Inc. has a 52-week low of $106.08 and a 52-week high of $176.13.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.23. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The company had revenue of $271.90 million for the quarter, compared to analysts’ expectations of $270.90 million. During the same quarter in the previous year, the firm earned $1.83 earnings per share. Enpro’s quarterly revenue was down 1.8% on a year-over-year basis. Research analysts expect that Enpro Inc. will post 7.4 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, September 4th. Enpro’s payout ratio is currently -857.14%.

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.