Citigroup Inc. Increases Stock Position in Enpro Inc. (NYSE:NPO)

Citigroup Inc. grew its holdings in Enpro Inc. (NYSE:NPO) by 80.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 26,381 shares of the industrial products company’s stock after buying an additional 11,785 shares during the period. Citigroup Inc. owned 0.13% of Enpro worth $4,278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NPO. Charles Schwab Investment Management Inc. lifted its stake in shares of Enpro by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 249,165 shares of the industrial products company’s stock valued at $40,410,000 after buying an additional 3,218 shares during the period. Intech Investment Management LLC increased its position in shares of Enpro by 58.0% during the 3rd quarter. Intech Investment Management LLC now owns 5,183 shares of the industrial products company’s stock worth $841,000 after purchasing an additional 1,903 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Enpro by 10.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,636 shares of the industrial products company’s stock worth $590,000 after purchasing an additional 349 shares in the last quarter. Jennison Associates LLC boosted its stake in Enpro by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company’s stock worth $38,544,000 after acquiring an additional 4,995 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake 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 worth $22,812,000 after acquiring an additional 5,051 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 300 shares of the firm’s 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 in the company, valued at approximately $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Enpro Stock Performance

NYSE NPO opened at $191.63 on Wednesday. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 74.56 and a beta of 1.48. Enpro Inc. has a twelve month low of $130.20 and a twelve month high of $194.08. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $163.43 and a 200 day moving average of $156.54.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (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 company had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. During the same quarter in the previous year, the business posted $1.58 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Sell-side analysts anticipate that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.63%. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

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.