Inspire Investing LLC Increases Position in Enpro Inc. (NYSE:NPO)

Inspire Investing LLC raised its holdings in shares of Enpro Inc. (NYSE:NPO) by 14.7% in the second quarter, Holdings Channel.com reports. The firm owned 2,428 shares of the industrial products company’s stock after purchasing an additional 311 shares during the period. Inspire Investing LLC’s holdings in Enpro were worth $353,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

Insider Activity at Enpro

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

Enpro Stock Down 1.9 %

Enpro stock opened at $159.34 on Monday. Enpro Inc. has a 12 month low of $106.08 and a 12 month high of $176.13. The stock has a fifty day simple moving average of $156.91 and a two-hundred day simple moving average of $153.99. 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 firm has a market cap of $3.34 billion, a price-to-earnings ratio of -1,138.14 and a beta of 1.40.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $2.08 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 company had revenue of $271.90 million during the quarter, compared to the consensus estimate of $270.90 million. During the same period last year, the company earned $1.83 EPS. 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 EPS for the current fiscal year.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.75%. Enpro’s payout ratio 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.