Victory Capital Management Inc. Has $1.09 Million Position in Enpro Inc. (NYSE:NPO)

Victory Capital Management Inc. lessened its stake in shares of Enpro Inc. (NYSE:NPO) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,712 shares of the industrial products company’s stock after selling 182 shares during the period. Victory Capital Management Inc.’s holdings in Enpro were worth $1,089,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NPO. Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the 2nd quarter worth $29,000. Innealta Capital LLC acquired a new stake in shares of Enpro in the second quarter valued at about $48,000. GAMMA Investing LLC grew its position in shares of Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 411 shares during the period. Finally, OLD National Bancorp IN acquired a new position in shares of Enpro during the 3rd quarter worth about $200,000. Institutional investors own 98.31% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Steven R. Bower sold 300 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at approximately $21,125. This trade represents a 69.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Enpro Trading Down 0.7 %

Shares of NPO stock opened at $187.65 on Wednesday. The firm has a market capitalization of $3.94 billion, a P/E ratio of 72.37 and a beta of 1.41. Enpro Inc. has a 1 year low of $126.71 and a 1 year high of $190.32. The firm’s fifty day simple moving average is $159.74 and its 200 day simple moving average is $154.87. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a return on equity of 9.71% and a net margin of 5.20%. The company had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same quarter in the previous year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.64%. Enpro’s dividend payout ratio (DPR) is 46.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

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.