Enpro Inc. (NYSE:NPO) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,302 shares of the industrial products company's stock after selling 6,007 shares during the period. Enpro comprises about 2.5% of Tributary Capital Management LLC's holdings, making the stock its 3rd largest position. Tributary Capital Management LLC owned approximately 0.85% of Enpro worth $29,009,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital World Investors purchased a new stake in shares of Enpro during the 4th quarter valued at approximately $108,825,000. Bamco Inc. NY purchased a new stake in Enpro during the 4th quarter worth about $24,208,000. Neuberger Berman Group LLC boosted its stake in Enpro by 23.2% in the 4th quarter. Neuberger Berman Group LLC now owns 537,660 shares of the industrial products company's stock worth $92,719,000 after purchasing an additional 101,257 shares during the period. GAMMA Investing LLC grew its holdings in Enpro by 31,373.0% during the 1st quarter. GAMMA Investing LLC now owns 80,571 shares of the industrial products company's stock valued at $13,036,000 after buying an additional 80,315 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Enpro during the fourth quarter valued at about $11,067,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Stock Performance

Shares of NYSE:NPO traded down $1.51 during trading on Friday, hitting $204.28. The stock had a trading volume of 71,453 shares, compared to its average volume of 119,401. The company has a quick ratio of 2.21, a current ratio of 2.95 and a debt-to-equity ratio of 0.42. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 50.82 and a beta of 1.57. The stock has a 50-day simple moving average of $190.62 and a two-hundred day simple moving average of $177.40.

Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.33. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The business had revenue of $273.20 million for the quarter, compared to analysts' expectations of $266.23 million. During the same period in the previous year, the firm posted $1.57 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Enpro Inc. will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, June 4th. Enpro's dividend payout ratio (DPR) is 30.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a report on Wednesday, April 23rd. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, KeyCorp reissued an "overweight" rating on shares of Enpro in a research note on Tuesday, June 3rd.

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.