Enpro (NYSE:NPO) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Enpro Inc. (NYSE:NPO) saw strong trading volume on Friday . Approximately 71,400 shares were traded during trading, a decline of 28% from the previous session’s volume of 98,526 shares.The stock last traded at $195.00 and had previously closed at $195.16.

Analysts Set New Price Targets

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

Enpro Trading Down 1.1 %

The stock’s 50-day moving average price is $165.46 and its 200 day moving average price is $157.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. The firm has a market capitalization of $4.05 billion, a PE ratio of 75.10 and a beta of 1.49.

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

Enpro Dividend Announcement

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

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. The trade was a 69.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enpro

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Enpro by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock valued at $180,865,000 after buying an additional 7,992 shares in the last quarter. FMR LLC lifted its holdings in Enpro by 0.9% during the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after purchasing an additional 11,643 shares in the last quarter. State Street Corp grew its position in shares of Enpro by 1.1% in the third quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock valued at $130,972,000 after purchasing an additional 9,127 shares during the period. Geode Capital Management LLC increased its stake in shares of Enpro by 1.1% during the third quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company’s stock worth $78,545,000 after purchasing an additional 5,502 shares in the last quarter. Finally, Congress Asset Management Co. raised its position 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 worth $50,120,000 after purchasing an additional 12,316 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

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.