Mutual of America Capital Management LLC Decreases Holdings in Enpro Inc. (NYSE:NPO)

Mutual of America Capital Management LLC cut its holdings in shares of Enpro Inc. (NYSE:NPO) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,178 shares of the industrial products company’s stock after selling 2,719 shares during the quarter. Mutual of America Capital Management LLC owned 0.25% of Enpro worth $7,596,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NPO. Opal Wealth Advisors LLC purchased a new position in shares of Enpro during the second quarter worth approximately $29,000. Innealta Capital LLC purchased a new position in shares of Enpro during the second quarter worth approximately $48,000. Choreo LLC purchased a new position in shares of Enpro in the second quarter worth $207,000. Fulton Bank N.A. purchased a new position in shares of Enpro in the first quarter worth $211,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Enpro in the fourth quarter worth $221,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction on Friday, August 9th. The shares were sold at an average price of $150.06, for a total value of $232,292.88. Following the sale, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Enpro Stock Up 3.6 %

Shares of NYSE NPO opened at $162.41 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. Enpro Inc. has a 52 week low of $106.08 and a 52 week high of $176.13. The firm’s fifty day moving average is $156.83 and its 200 day moving average is $153.91. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -1,160.07 and a beta of 1.40.

Enpro (NYSE:NPO) last issued its 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 company had revenue of $271.90 million for the quarter, compared to the consensus estimate of $270.90 million. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 earnings per share. On average, equities research analysts expect that Enpro Inc. will post 7.4 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.74%. The ex-dividend date was Wednesday, September 4th. Enpro’s dividend payout ratio (DPR) is currently -857.14%.

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.