Charles Schwab Investment Management Inc. Buys 3,218 Shares of Enpro Inc. (NYSE:NPO)

Charles Schwab Investment Management Inc. grew its position in shares of Enpro Inc. (NYSE:NPO) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,165 shares of the industrial products company’s stock after buying an additional 3,218 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.19% of Enpro worth $40,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NPO. Dimensional Fund Advisors LP lifted its holdings in Enpro by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock valued at $180,865,000 after acquiring an additional 7,992 shares during the period. Congress Asset Management Co. grew its stake in shares of Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock valued at $50,120,000 after purchasing an additional 12,316 shares during the period. Jennison Associates LLC increased its position in shares of Enpro by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company’s stock valued at $38,544,000 after purchasing an additional 4,995 shares during the last quarter. Tributary Capital Management LLC lifted its stake in shares of Enpro by 0.6% in the 2nd quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company’s stock worth $26,837,000 after purchasing an additional 1,077 shares during the period. Finally, abrdn plc boosted its holdings in shares of Enpro by 1.5% in the third quarter. abrdn plc now owns 177,327 shares of the industrial products company’s stock worth $28,759,000 after buying an additional 2,654 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Price Performance

Shares of Enpro stock opened at $193.94 on Tuesday. The stock has a market cap of $4.07 billion, a P/E ratio of 75.46 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The stock’s fifty day moving average is $162.79 and its 200 day moving average is $156.25. Enpro Inc. has a one year low of $130.20 and a one year high of $194.08.

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

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.62%. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 300 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at $21,125. This trade represents a 69.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

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

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.