Enpro (NYSE:NPO) CAO Steven Bower Sells 1,000 Shares of Company Stock

Key Points

• CAO Steven Bower sold 1,000 Enpro shares for $279,660, reducing his ownership by 21.3%; he retained 3,695 shares after the transaction.
• Enpro reported quarterly EPS of $2.66, beating estimates of $2.42, while revenue of $350.8 million exceeded expectations and rose 22.4% year over year.
• Analysts’ consensus rating is Moderate Buy, with a $365 price target. Enpro also declared a quarterly dividend of $0.32 per share.

Enpro Inc. (NYSE:NPO - Get Free Report) CAO Steven Bower sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $279.66, for a total value of $279,660.00. Following the completion of the transaction, the chief accounting officer directly owned 3,695 shares in the company, valued at $1,033,343.70. The trade was a 21.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Enpro Stock Performance

NPO stock traded down $5.09 during midday trading on Friday, hitting $273.48. 169,572 shares of the company traded hands, compared to its average volume of 224,664. Enpro Inc. has a twelve month low of $202.00 and a twelve month high of $390.42. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 93.66, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64. The company has a quick ratio of 1.30, a current ratio of 2.12 and a debt-to-equity ratio of 0.32. The business has a 50 day simple moving average of $292.98 and a 200-day simple moving average of $297.36.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.42 by $0.24. The business had revenue of $350.80 million during the quarter, compared to analysts' expectations of $334.04 million. Enpro had a net margin of 4.88% and a return on equity of 12.55%. Enpro's revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, equities research analysts predict that Enpro Inc. will post 9.78 earnings per share for the current year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, December 2nd. Enpro's dividend payout ratio is 43.84%.

Hedge Funds Weigh In On Enpro

Hedge funds have recently made changes to their positions in the business. Private Wealth Asset Management LLC bought a new position in shares of Enpro during the 3rd quarter worth about $317,000. Private Advisor Group LLC acquired a new stake in shares of Enpro during the 3rd quarter valued at about $262,000. Voya Investment Management LLC increased its stake in Enpro by 0.3% in the third quarter. Voya Investment Management LLC now owns 12,625 shares of the industrial products company's stock valued at $3,867,000 after acquiring an additional 37 shares during the period. Public Sector Pension Investment Board increased its stake in Enpro by 11.6% in the third quarter. Public Sector Pension Investment Board now owns 81,004 shares of the industrial products company's stock valued at $24,724,000 after acquiring an additional 8,411 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Enpro by 8.3% in the third quarter. Global Retirement Partners LLC now owns 602 shares of the industrial products company's stock valued at $184,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 98.31% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Enpro in a research report on Tuesday. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research note on Saturday, November 7th. Zacks Research lowered shares of Enpro from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Enpro from $430.00 to $440.00 and gave the stock an "overweight" rating in a report on Wednesday, November 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $365.00.

Enpro Company Profile

Enpro Inc. is an industrial technology company that develops and manufactures products for demanding applications across a range of industries. Its businesses focus on sealing technologies and advanced surface technologies, serving markets that include semiconductor manufacturing, aerospace, life sciences, energy and commercial vehicles. Enpro's sealing products include engineered seals, gaskets, packing and related components used to help control fluids and gases in industrial equipment and systems.

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