Mutual of America Capital Management LLC Sells 2,719 Shares of Enpro Inc. (NYSE:NPO)

Mutual of America Capital Management LLC lessened its holdings in shares of Enpro Inc. (NYSE:NPO) by 5.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 52,178 shares of the industrial products company’s stock after selling 2,719 shares during the period. Mutual of America Capital Management LLC’s holdings in Enpro were worth $7,596,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NPO. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Enpro during the 4th quarter valued at $221,000. Norges Bank purchased a new position in shares of Enpro in the 4th quarter worth about $24,026,000. Aigen Investment Management LP purchased a new position in shares of Enpro in the 4th quarter worth about $261,000. US Bancorp DE raised 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 last quarter. Finally, SageView Advisory Group LLC purchased a new position in shares of Enpro in the 4th quarter worth about $708,000. Institutional investors own 98.31% of the company’s stock.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of the business’s 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 approximately $90,636.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Enpro Price Performance

NPO opened at $162.41 on Friday. The stock has a 50-day moving average price of $156.83 and a 200-day moving average price of $153.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.90. The firm has a market cap of $3.40 billion, a PE ratio of -1,160.07 and a beta of 1.40. Enpro Inc. has a 1 year low of $106.08 and a 1 year 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 for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $1.83 EPS. Enpro’s revenue was down 1.8% on a year-over-year basis. Sell-side 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. Shareholders of record on Wednesday, September 4th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Wednesday, September 4th. Enpro’s dividend payout ratio (DPR) is -857.14%.

Enpro Company 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.