1,369 Shares in Enpro Inc. (NYSE:NPO) Acquired by Verition Fund Management LLC

Verition Fund Management LLC bought a new stake in Enpro Inc. (NYSE:NPO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,369 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of Enpro by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company’s stock worth $466,000 after buying an additional 104 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Enpro by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock valued at $1,528,000 after acquiring an additional 100 shares during the last quarter. Argent Capital Management LLC boosted its stake in Enpro by 61.1% during the 2nd quarter. Argent Capital Management LLC now owns 2,500 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 948 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Enpro by 0.6% during the second quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company’s stock valued at $26,837,000 after purchasing an additional 1,077 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Enpro by 4.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,339 shares of the industrial products company’s stock valued at $632,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

Insider Activity at Enpro

In other news, CAO Steven R. Bower sold 300 shares of the firm’s stock in a transaction dated 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 owns 130 shares in the company, valued at approximately $21,125. This trade represents a 69.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on NPO shares. StockNews.com raised Enpro from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. KeyCorp raised their price target on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday.

Enpro Stock Down 0.8 %

Enpro stock opened at $189.31 on Monday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. Enpro Inc. has a 1-year low of $136.68 and a 1-year high of $197.94. The company has a fifty day simple moving average of $168.67 and a 200 day simple moving average of $159.02. The company has a market cap of $3.97 billion, a P/E ratio of 73.66 and a beta of 1.49.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share 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 during the quarter, compared to the consensus estimate of $264.47 million. During the same period in the prior year, the business posted $1.58 earnings per share. Enpro’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. Enpro’s payout ratio is 46.69%.

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.