Enpro (NYSE:NPO) Stock: Insider Steven Bower Sells 1,000 Shares

Enpro Inc. (NYSE:NPO) CAO Steven Bower sold 1,000 shares of the company’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 sale, the chief accounting officer owned 3,695 shares in the company, valued at approximately $1,033,343.70. This represents a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Enpro Price Performance

Shares of NPO traded down $5.09 during mid-day trading on Friday, reaching $273.48. The company had a trading volume of 169,572 shares, 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 company has a debt-to-equity ratio of 0.32, a current ratio of 2.12 and a quick ratio of 1.30. The company’s 50-day moving average is $292.98 and its 200-day moving average is $297.36. The company has a market capitalization of $5.79 billion, a P/E ratio of 93.66, a P/E/G ratio of 1.93 and a beta of 1.64.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, November 3rd. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.42 by $0.24. The business had revenue of $350.80 million during the quarter, compared to the consensus estimate of $334.04 million. Enpro had a return on equity of 12.55% and a net margin of 4.88%. Enpro’s revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. On average, equities analysts anticipate that Enpro Inc. will post 9.78 EPS for the current year.

Enpro Dividend Announcement

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

Analyst Ratings Changes

NPO has been the topic of several recent analyst reports. Zacks Research downgraded shares of Enpro from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enpro in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Enpro from $430.00 to $440.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $365.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Enpro during the 2nd quarter valued at $27,000. Mather Group LLC. boosted its stake in Enpro by 58.3% in the third quarter. Mather Group LLC. now owns 95 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 35 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Enpro in the second quarter worth $30,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Enpro during the second quarter worth $38,000. Finally, Root Financial Partners LLC bought a new stake in shares of Enpro during the third quarter worth $38,000. 98.31% of the stock is owned by institutional investors and hedge funds.

About Enpro

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.