Insider Selling: Enpro Inc. (NYSE:NPO) CAO Sells $199,061.02 in Stock

Enpro Inc. (NYSE:NPO) CAO Steven R. Bower sold 997 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Enpro Stock Performance

Shares of NPO stock opened at $181.60 on Friday. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 52.49 and a beta of 1.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The business has a fifty day moving average of $180.85 and a 200 day moving average of $169.52. Enpro Inc. has a 1 year low of $136.68 and a 1 year high of $214.58.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. As a group, research analysts expect that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.31 per share. This is an increase from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, March 5th. Enpro’s dividend payout ratio (DPR) is currently 35.84%.

Institutional Investors Weigh In On Enpro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NPO. Capital World Investors acquired a new stake in Enpro during the 4th quarter worth about $108,825,000. Bamco Inc. NY acquired a new stake in Enpro during the 4th quarter worth about $24,208,000. Neuberger Berman Group LLC grew its position in Enpro by 23.2% during 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. Raymond James Financial Inc. acquired a new stake in shares of Enpro during the 4th quarter valued at about $11,067,000. Finally, Capital International Investors grew its position in shares of Enpro by 6.8% during the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company’s stock valued at $166,323,000 after acquiring an additional 60,998 shares during the period. 98.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on NPO. KeyCorp raised their target price on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer raised their target price on Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th.

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.