Fulton Bank N.A. Acquires Shares of 1,248 Enpro Inc. (NYSE:NPO)

Fulton Bank N.A. acquired a new stake in Enpro Inc. (NYSE:NPO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,248 shares of the industrial products company’s stock, valued at approximately $211,000.

Several other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its position in Enpro by 12.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the industrial products company’s stock valued at $189,000 after buying an additional 134 shares during the period. US Bancorp DE lifted its position in shares of Enpro by 1.7% in the 4th quarter. US Bancorp DE now owns 9,305 shares of the industrial products company’s stock worth $1,458,000 after purchasing an additional 158 shares during the period. Strs Ohio lifted its position in shares of Enpro by 0.9% in the 4th quarter. Strs Ohio now owns 34,700 shares of the industrial products company’s stock worth $5,438,000 after purchasing an additional 300 shares during the period. Synovus Financial Corp lifted its position in shares of Enpro by 3.2% in the 3rd quarter. Synovus Financial Corp now owns 10,844 shares of the industrial products company’s stock worth $1,314,000 after purchasing an additional 332 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in shares of Enpro by 1.3% in the 4th quarter. Bahl & Gaynor Inc. now owns 33,769 shares of the industrial products company’s stock worth $5,293,000 after purchasing an additional 418 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Trading Down 1.4 %

Shares of NPO opened at $144.87 on Friday. The company has a 50 day moving average price of $149.49 and a 200-day moving average price of $153.02. Enpro Inc. has a fifty-two week low of $106.08 and a fifty-two week high of $170.63. The company has a quick ratio of 1.77, a current ratio of 2.59 and a debt-to-equity ratio of 0.47.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.03. Enpro had a negative net margin of 0.26% and a positive return on equity of 9.17%. The firm had revenue of $257.50 million during the quarter, compared to analysts’ expectations of $269.00 million. During the same quarter in the prior year, the company earned $1.95 EPS. The company’s revenue was down 8.9% compared to the same quarter last year. As a group, research analysts forecast that Enpro Inc. will post 7.45 EPS for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. Enpro’s dividend payout ratio (DPR) is presently -857.08%.

Enpro Profile

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.