Algert Global LLC Buys Shares of 2,017 Enpro Inc. (NYSE:NPO)

Algert Global LLC purchased a new position in Enpro Inc. (NYSE:NPO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,017 shares of the industrial products company’s stock, valued at approximately $294,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Enpro by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,335,491 shares of the industrial products company’s stock worth $366,065,000 after purchasing an additional 22,611 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Enpro by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock worth $180,865,000 after acquiring an additional 7,992 shares during the last quarter. Jennison Associates LLC boosted its position in Enpro by 1.3% during the first quarter. Jennison Associates LLC now owns 446,823 shares of the industrial products company’s stock worth $75,410,000 after acquiring an additional 5,805 shares during the last quarter. Congress Asset Management Co. MA grew its stake in Enpro by 10.5% during the 1st quarter. Congress Asset Management Co. MA now owns 312,823 shares of the industrial products company’s stock valued at $52,795,000 after acquiring an additional 29,694 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Enpro by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 306,173 shares of the industrial products company’s stock valued at $47,990,000 after acquiring an additional 24,091 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Stock Down 0.4 %

Shares of NPO opened at $160.51 on Wednesday. Enpro Inc. has a 52-week low of $106.08 and a 52-week high of $176.13. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $155.22 and a two-hundred day simple moving average of $154.12. The company has a market capitalization of $3.36 billion, a PE ratio of -1,146.50 and a beta of 1.40.

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

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, September 4th. Enpro’s dividend payout ratio is presently -857.14%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.06, for a total value of $232,292.88. Following the sale, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

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.