TD Asset Management Inc Buys 3,674 Shares of Enpro Inc. (NYSE:NPO)

TD Asset Management Inc lifted its stake in shares of Enpro Inc. (NYSE:NPO) by 24.5% during the second quarter, Holdings Channel.com reports. The firm owned 18,662 shares of the industrial products company’s stock after acquiring an additional 3,674 shares during the period. TD Asset Management Inc’s holdings in Enpro were worth $2,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NPO. Charles Schwab Investment Management Inc. boosted its position in shares of Enpro by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 237,736 shares of the industrial products company’s stock worth $37,263,000 after purchasing an additional 6,570 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Enpro in the 4th quarter valued at about $221,000. Quadrant Capital Group LLC lifted 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 acquiring an additional 134 shares in the last quarter. Brown Advisory Inc. lifted its position in Enpro by 49.6% in the 4th quarter. Brown Advisory Inc. now owns 482,639 shares of the industrial products company’s stock valued at $75,649,000 after acquiring an additional 159,984 shares in the last quarter. Finally, Norges Bank bought a new position in Enpro in the 4th quarter valued at about $24,026,000. Institutional investors own 98.31% of the company’s stock.

Enpro Trading Up 1.4 %

Shares of NPO stock opened at $148.62 on Friday. The company has a 50 day moving average of $155.76 and a 200-day moving average of $153.92. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. Enpro Inc. has a 12-month low of $106.08 and a 12-month high of $176.13. The firm has a market cap of $3.11 billion, a P/E ratio of -1,061.57 and a beta of 1.40.

Enpro (NYSE:NPO) last issued its quarterly 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 net margin of 4.14% and a return on equity of 9.54%. The company had revenue of $271.90 million during the quarter, compared to analyst estimates of $270.90 million. During the same quarter last year, the business posted $1.83 EPS. Enpro’s quarterly revenue was down 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Enpro Inc. will post 7.4 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, September 4th. Enpro’s dividend payout ratio is currently -857.14%.

Wall Street Analyst Weigh In

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

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction 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 directly owns 604 shares of the company’s stock, valued at approximately $90,636.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.