Trust Point Inc. Sells 2,454 Shares of Enpro Inc. (NYSE:NPO)

Trust Point Inc. cut its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 36.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,248 shares of the industrial products company's stock after selling 2,454 shares during the period. Trust Point Inc.'s holdings in Enpro were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Enpro in the 1st quarter valued at approximately $32,000. OFI Invest Asset Management acquired a new stake in Enpro in the fourth quarter valued at approximately $60,000. Canada Pension Plan Investment Board bought a new stake in Enpro in the fourth quarter worth approximately $69,000. GAMMA Investing LLC raised its holdings in shares of Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 242 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Enpro by 786.6% in the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 527 shares during the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Stock Performance

NPO stock traded down $3.63 during mid-day trading on Friday, reaching $182.23. 227,501 shares of the stock traded hands, compared to its average volume of 117,127. The firm has a market capitalization of $3.83 billion, a PE ratio of 45.33 and a beta of 1.59. The business has a 50-day moving average of $171.70 and a two-hundred day moving average of $175.18. Enpro Inc. has a 52 week low of $133.50 and a 52 week high of $214.58. 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 (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.33. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. Enpro had a return on equity of 10.67% and a net margin of 7.98%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 EPS. As a group, equities analysts predict that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, June 4th. Enpro's dividend payout ratio (DPR) is currently 30.85%.

Analyst Upgrades and Downgrades

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

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.