Enpro Inc. (NYSE:NPO) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in Enpro Inc. (NYSE:NPO) by 56.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,240 shares of the industrial products company’s stock after selling 32,778 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.12% of Enpro worth $4,093,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NPO. Azzad Asset Management Inc. ADV raised its holdings in shares of Enpro by 5.7% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,710 shares of the industrial products company’s stock worth $964,000 after purchasing an additional 306 shares during the period. Norden Group LLC bought a new position in shares of Enpro during the 1st quarter valued at about $557,000. BNP Paribas Financial Markets boosted its position in shares of Enpro by 77.6% during the 1st quarter. BNP Paribas Financial Markets now owns 10,517 shares of the industrial products company’s stock valued at $1,775,000 after purchasing an additional 4,595 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Enpro by 23.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,278 shares of the industrial products company’s stock valued at $553,000 after purchasing an additional 628 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Enpro by 18.2% during the 1st quarter. Nordea Investment Management AB now owns 20,344 shares of the industrial products company’s stock valued at $3,457,000 after purchasing an additional 3,132 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 604 shares of the company’s stock, valued at approximately $90,636.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

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.

Enpro Stock Performance

NPO stock opened at $149.35 on Tuesday. 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 stock has a market cap of $3.13 billion, a P/E ratio of 73.93 and a beta of 1.40. The firm has a 50 day simple moving average of $155.67 and a 200 day simple moving average of $153.12. Enpro Inc. has a 52 week low of $106.08 and a 52 week high of $176.13.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.85 by $0.23. The business 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%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $1.83 earnings per share. Research analysts anticipate that Enpro Inc. will post 7.4 earnings per share for the current fiscal 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.80%. The ex-dividend date was Wednesday, September 4th. Enpro’s payout ratio is presently 59.41%.

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.