Enpro Inc. (NYSE:NPO) Shares Sold by Trust Point Inc.

Trust Point Inc. decreased its holdings in Enpro Inc. (NYSE:NPO - Free Report) by 36.6% in the first quarter, according to its most recent 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 quarter. Trust Point Inc.'s holdings in Enpro were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NPO. Opal Wealth Advisors LLC purchased a new position in shares of Enpro during the 1st quarter valued at about $32,000. OFI Invest Asset Management purchased a new position in shares of Enpro during the 4th quarter valued at about $60,000. Canada Pension Plan Investment Board purchased a new position in shares of Enpro during the 4th quarter valued at about $69,000. GAMMA Investing LLC raised its stake 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 buying an additional 242 shares during the last quarter. Finally, Sterling Capital Management LLC increased 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 in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Stock Performance

Shares of NPO stock traded down $3.33 during mid-day trading on Wednesday, hitting $185.69. 134,146 shares of the stock were exchanged, compared to its average volume of 116,651. The stock's fifty day simple moving average is $170.89 and its two-hundred day simple moving average is $175.23. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 46.19 and a beta of 1.59. Enpro Inc. has a 12-month low of $133.50 and a 12-month high of $214.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 2.95.

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, topping the consensus estimate of $1.57 by $0.33. Enpro had a net margin of 7.98% and a return on equity of 10.67%. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $266.23 million. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts forecast that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Wednesday, June 4th. Enpro's dividend payout ratio (DPR) is 30.85%.

Wall Street Analyst Weigh In

NPO has been the subject of several research reports. Sidoti upgraded Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd. KeyCorp reiterated an "overweight" rating on shares of Enpro in a research report on Tuesday, June 3rd. Finally, Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th.

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.