New York State Teachers Retirement System Has $5.57 Million Position in Enpro Inc. (NYSE:NPO)

New York State Teachers Retirement System decreased its holdings in shares of Enpro Inc. (NYSE:NPO) by 2.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 34,328 shares of the industrial products company’s stock after selling 700 shares during the period. New York State Teachers Retirement System’s holdings in Enpro were worth $5,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NPO. Pitcairn Co. lifted its stake in shares of Enpro by 1.9% during the 1st quarter. Pitcairn Co. now owns 4,050 shares of the industrial products company’s stock worth $684,000 after buying an additional 77 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Enpro by 3.2% during the second quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company’s stock worth $395,000 after acquiring an additional 80 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Enpro by 0.7% in the first quarter. Illinois Municipal Retirement Fund now owns 12,198 shares of the industrial products company’s stock valued at $2,059,000 after purchasing an additional 85 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Enpro by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock worth $1,528,000 after purchasing an additional 100 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Enpro by 3.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 104 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Enpro Price Performance

NYSE:NPO opened at $149.04 on Wednesday. Enpro Inc. has a 52 week low of $116.43 and a 52 week high of $176.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. The firm’s 50-day simple moving average is $154.56 and its 200 day simple moving average is $152.88. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 73.78 and a beta of 1.41.

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 analysts’ consensus estimates of $1.85 by $0.23. The company had revenue of $271.90 million during the quarter, compared to the consensus estimate of $270.90 million. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. As a group, sell-side analysts predict that Enpro Inc. will post 7.4 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is currently 59.41%.

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 1,548 shares of the company’s stock in a transaction that occurred on 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 owns 604 shares of the company’s stock, valued at approximately $90,636.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by company insiders.

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.