First Eagle Investment Management LLC Raises Position in Enpro Inc. (NYSE:NPO)

First Eagle Investment Management LLC boosted its holdings in shares of Enpro Inc. (NYSE:NPO) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,093 shares of the industrial products company’s stock after buying an additional 600 shares during the period. First Eagle Investment Management LLC owned approximately 0.32% of Enpro worth $9,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NPO. Opal Wealth Advisors LLC bought a new stake in shares of Enpro during the 2nd quarter valued at about $29,000. Innealta Capital LLC purchased a new stake in Enpro in the second quarter valued at approximately $48,000. Choreo LLC bought a new stake in Enpro during the second quarter valued at approximately $207,000. Fulton Bank N.A. purchased a new position in Enpro in the 1st quarter worth approximately $211,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Enpro in the 4th quarter worth approximately $221,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the sale, the chief accounting officer now directly owns 604 shares in the company, valued at $90,636.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Enpro Price Performance

NPO opened at $162.41 on Friday. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.40 billion, a P/E ratio of -1,160.07 and a beta of 1.40. The stock has a 50-day moving average price of $156.83 and a 200-day moving average price of $153.91. Enpro Inc. has a 12-month low of $106.08 and a 12-month high of $176.13.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.23. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The business had revenue of $271.90 million during the quarter, compared to analyst estimates of $270.90 million. During the same quarter in the prior year, the firm earned $1.83 earnings per share. Enpro’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts predict that Enpro Inc. will post 7.4 earnings per share for the current fiscal year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Wednesday, September 4th. Enpro’s dividend payout ratio is currently -857.14%.

Wall Street Analyst Weigh In

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

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.