HighTower Advisors LLC Purchases 242 Shares of Enpro Inc. (NYSE:NPO)

HighTower Advisors LLC increased its position in Enpro Inc. (NYSE:NPO) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,411 shares of the industrial products company’s stock after buying an additional 242 shares during the period. HighTower Advisors LLC’s holdings in Enpro were worth $553,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in shares of Enpro by 129.7% in the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock worth $4,280,000 after acquiring an additional 16,600 shares during the period. Belmont Capital LLC purchased a new position in Enpro in the 3rd quarter worth approximately $565,000. TD Asset Management Inc boosted its stake in Enpro by 24.5% in the 2nd quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 3,674 shares during the period. Segall Bryant & Hamill LLC grew its holdings in Enpro by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 140,657 shares of the industrial products company’s stock valued at $22,812,000 after buying an additional 5,051 shares in the last quarter. Finally, FMR LLC raised its position in shares of 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 buying an additional 11,643 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Trading Down 1.2 %

NPO stock opened at $173.22 on Friday. The firm has a fifty day moving average price of $170.67 and a 200 day moving average price of $159.95. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The firm has a market cap of $3.64 billion, a PE ratio of 67.40 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76.

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

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Wednesday, December 4th. Enpro’s payout ratio is currently 46.69%.

Insider Buying and Selling at Enpro

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. KeyCorp increased their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, StockNews.com cut Enpro from a “buy” rating to a “hold” rating in a report on Wednesday.

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.