Squarepoint Ops LLC Makes New $377,000 Investment in Enpro Inc. (NYSE:NPO)

Squarepoint Ops LLC purchased a new position in Enpro Inc. (NYSE:NPO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,589 shares of the industrial products company’s stock, valued at approximately $377,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Enpro by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,335,491 shares of the industrial products company’s stock valued at $366,065,000 after purchasing an additional 22,611 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 worth $180,865,000 after buying an additional 7,992 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Enpro by 1.3% during the 1st quarter. Jennison Associates LLC now owns 446,823 shares of the industrial products company’s stock worth $75,410,000 after acquiring an additional 5,805 shares in the last quarter. Congress Asset Management Co. MA raised its position in shares of Enpro by 10.5% during the 1st quarter. Congress Asset Management Co. MA now owns 312,823 shares of the industrial products company’s stock worth $52,795,000 after acquiring an additional 29,694 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Enpro by 8.5% during the fourth quarter. Wellington Management Group LLP now owns 306,173 shares of the industrial products company’s stock worth $47,990,000 after purchasing an additional 24,091 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the sale, the chief accounting officer now directly owns 604 shares of the company’s stock, valued at $90,636.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

Enpro Stock Down 2.3 %

Enpro stock opened at $158.07 on Friday. The company has a market capitalization of $3.31 billion, a P/E ratio of -1,129.07 and a beta of 1.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. Enpro Inc. has a fifty-two week low of $106.08 and a fifty-two week high of $176.13. The stock has a 50-day simple moving average of $154.95 and a 200-day simple moving average of $154.20.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.23. The business had revenue of $271.90 million during the quarter, compared to the consensus estimate of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 earnings per share. Equities research analysts expect that Enpro Inc. will post 7.4 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, September 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. Enpro’s dividend payout ratio (DPR) is -857.14%.

Enpro 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.