Gabelli Funds LLC Has $13.64 Million Stake in Enpro Inc. (NYSE:NPO)

Gabelli Funds LLC trimmed its holdings in shares of Enpro Inc. (NYSE:NPO) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,700 shares of the industrial products company’s stock after selling 5,000 shares during the period. Gabelli Funds LLC owned 0.45% of Enpro worth $13,640,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NPO. Pitcairn Co. raised its position in shares of Enpro by 1.9% during the 1st quarter. Pitcairn Co. now owns 4,050 shares of the industrial products company’s stock valued at $684,000 after acquiring an additional 77 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Enpro by 0.7% in the first quarter. Illinois Municipal Retirement Fund now owns 12,198 shares of the industrial products company’s stock valued at $2,059,000 after buying an additional 85 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Enpro by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock worth $1,528,000 after buying an additional 100 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Enpro by 3.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company’s stock worth $466,000 after buying an additional 104 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in shares of Enpro by 0.4% in the 1st quarter. Bahl & Gaynor Inc. now owns 33,891 shares of the industrial products company’s stock valued at $5,720,000 after acquiring an additional 122 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Steven R. Bower sold 1,548 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the sale, the chief accounting officer now directly owns 604 shares in the company, valued at $90,636.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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

Shares of NPO stock opened at $158.57 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. Enpro Inc. has a 12-month low of $106.08 and a 12-month high of $176.13. The firm has a fifty day moving average of $156.90 and a 200-day moving average of $154.02. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of -1,132.64 and a beta of 1.40.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.23. The company had revenue of $271.90 million during the quarter, compared to the consensus estimate of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 earnings per share. On average, equities research analysts forecast that Enpro Inc. will post 7.4 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, September 4th. Enpro’s payout ratio is currently -857.14%.

Enpro Company 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.