The Manufacturers Life Insurance Company Grows Stake in Enpro Inc. (NYSE:NPO)

The Manufacturers Life Insurance Company boosted its holdings in shares of Enpro Inc. (NYSE:NPO) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,574 shares of the industrial products company’s stock after acquiring an additional 464 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Enpro worth $1,685,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in shares of Enpro in the 2nd quarter valued at approximately $377,000. Bank of Montreal Can lifted its holdings in Enpro by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company’s stock worth $395,000 after buying an additional 80 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Enpro by 7.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 46,070 shares of the industrial products company’s stock worth $6,706,000 after buying an additional 3,212 shares in the last quarter. Sei Investments Co. increased its position in shares of Enpro by 24.8% in the 2nd quarter. Sei Investments Co. now owns 40,897 shares of the industrial products company’s stock valued at $5,953,000 after purchasing an additional 8,125 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Enpro in the 2nd quarter valued at approximately $477,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was 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 of the company’s stock, valued at $90,636.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Enpro Stock Down 2.3 %

Enpro stock opened at $158.07 on Friday. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -1,129.07 and a beta of 1.40. Enpro Inc. has a twelve month low of $106.08 and a twelve month high of $176.13. The stock has a 50 day moving average of $154.95 and a two-hundred day moving average of $154.20. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45.

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

Enpro Announces Dividend

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

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.