OLD National Bancorp IN Purchases New Stake in Enpro Inc. (NYSE:NPO)

OLD National Bancorp IN purchased a new stake in shares of Enpro Inc. (NYSE:NPO) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 1,235 shares of the industrial products company’s stock, valued at approximately $200,000.

Other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in Enpro during the second quarter worth about $29,000. Innealta Capital LLC purchased a new stake in shares of Enpro in the second quarter worth about $48,000. GAMMA Investing LLC lifted its holdings in shares of Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock worth $52,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after buying an additional 411 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Enpro in the second quarter worth about $203,000. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Down 0.4 %

Shares of Enpro stock opened at $148.75 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. Enpro Inc. has a 52-week low of $106.08 and a 52-week high of $176.13. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -1,062.50 and a beta of 1.40. The company’s 50 day moving average price is $155.93 and its 200-day moving average price is $153.47.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.23. The business had revenue of $271.90 million for the quarter, compared to analysts’ expectations of $270.90 million. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 earnings per share. Equities research analysts forecast that Enpro Inc. will post 7.4 EPS for the current year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date was Wednesday, September 4th. Enpro’s dividend payout ratio is currently -857.14%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $150.06, for a total value of $232,292.88. Following the completion of the transaction, the chief accounting officer now owns 604 shares of the company’s stock, valued at $90,636.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

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.