Enpro Inc. (NYSE:NPO) Shares Sold by Redwood Investments LLC

Redwood Investments LLC reduced its position in shares of Enpro Inc. (NYSE:NPO - Free Report) by 72.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,316 shares of the industrial products company's stock after selling 31,688 shares during the period. Redwood Investments LLC owned 0.06% of Enpro worth $1,930,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Enpro by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,373 shares of the industrial products company's stock valued at $1,118,000 after buying an additional 94 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Enpro by 0.6% in the first quarter. Great West Life Assurance Co. Can now owns 17,805 shares of the industrial products company's stock worth $1,785,000 after acquiring an additional 112 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Enpro by 7.0% in the second quarter. Ameritas Investment Partners Inc. now owns 1,732 shares of the industrial products company's stock worth $231,000 after acquiring an additional 113 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Enpro by 0.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 19,552 shares of the industrial products company's stock valued at $1,602,000 after buying an additional 171 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Enpro by 1.6% in the second quarter. MetLife Investment Management LLC now owns 10,990 shares of the industrial products company's stock valued at $1,467,000 after buying an additional 172 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

Enpro Trading Down 2.2 %

NYSE NPO traded down $3.73 on Monday, hitting $165.04. 67,870 shares of the company were exchanged, compared to its average volume of 94,238. The company's 50 day moving average price is $158.08 and its 200-day moving average price is $141.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.31 and a quick ratio of 2.59. The firm has a market capitalization of $3.46 billion, a P/E ratio of 155.70 and a beta of 1.55. Enpro Inc. has a twelve month low of $92.04 and a twelve month high of $170.63.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.47 by ($0.28). The business had revenue of $241.90 million for the quarter, compared to analyst estimates of $264.10 million. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The firm's quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 earnings per share. Analysts predict that Enpro Inc. will post 7.43 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.73%. This is a boost from Enpro's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, March 5th. Enpro's dividend payout ratio is 113.21%.

Insider Buying and Selling at Enpro

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Der Graaf Kees Van sold 1,200 shares of Enpro stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total transaction of $192,012.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robert Savage Mclean sold 6,400 shares of Enpro stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the sale, the chief accounting officer now directly owns 28,961 shares of the company's stock, valued at $4,585,105.52. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Separately, TheStreet raised shares of Enpro from a "c+" rating to a "b-" rating in a research report on Thursday, February 1st.

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.