Inspire Investing LLC Raises Stake in Enpro Inc. (NYSE:NPO)

Inspire Investing LLC raised its holdings in shares of Enpro Inc. (NYSE:NPO) by 14.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,428 shares of the industrial products company’s stock after acquiring an additional 311 shares during the period. Inspire Investing LLC’s holdings in Enpro were worth $353,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. First Eagle Investment Management LLC lifted its stake in Enpro by 0.9% in the second quarter. First Eagle Investment Management LLC now owns 66,093 shares of the industrial products company’s stock worth $9,621,000 after purchasing an additional 600 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Enpro by 129.7% in the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after acquiring an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Enpro by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock valued at $180,865,000 after acquiring an additional 7,992 shares during the period. Federated Hermes Inc. grew its position in Enpro by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 23,353 shares of the industrial products company’s stock worth $3,399,000 after acquiring an additional 150 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in Enpro by 4.0% in the 2nd quarter. Bahl & Gaynor Inc. now owns 35,239 shares of the industrial products company’s stock worth $5,130,000 after purchasing an additional 1,348 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Stock Performance

Shares of NYSE:NPO opened at $159.34 on Monday. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -1,138.14 and a beta of 1.40. Enpro Inc. has a 12 month low of $106.08 and a 12 month high of $176.13. The company has a 50-day moving average price of $156.91 and a 200-day moving average price of $153.99.

Enpro (NYSE:NPO) last posted 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. The firm had revenue of $271.90 million for the quarter, compared to analysts’ expectations of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.83 earnings per share. As a group, equities analysts anticipate that Enpro Inc. will post 7.4 EPS for the current year.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a $0.30 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.75%. Enpro’s dividend payout ratio is -857.14%.

Wall Street Analyst Weigh In

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

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the transaction, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

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.