Crossmark Global Holdings Inc. Acquires 337 Shares of Enpro Inc. (NYSE:NPO)

Crossmark Global Holdings Inc. increased its holdings in shares of Enpro Inc. (NYSE:NPO) by 24.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,726 shares of the industrial products company’s stock after acquiring an additional 337 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Enpro were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NPO. Legacy Capital Wealth Partners LLC purchased a new position in shares of Enpro in the 3rd quarter worth about $421,000. Atria Investments Inc raised its position in Enpro by 13.1% in the third quarter. Atria Investments Inc now owns 5,539 shares of the industrial products company’s stock worth $898,000 after acquiring an additional 640 shares during the period. US Bancorp DE boosted its stake in Enpro by 4.3% in the third quarter. US Bancorp DE now owns 10,242 shares of the industrial products company’s stock valued at $1,661,000 after acquiring an additional 419 shares during the last quarter. Congress Asset Management Co. grew its position in shares of Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock valued at $50,120,000 after acquiring an additional 12,316 shares during the period. Finally, abrdn plc increased its stake in shares of Enpro by 1.5% during the 3rd quarter. abrdn plc now owns 177,327 shares of the industrial products company’s stock worth $28,759,000 after purchasing an additional 2,654 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Insider Activity

In other news, CAO Steven R. Bower sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 130 shares in the company, valued at approximately $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Enpro Trading Up 1.3 %

Shares of NPO opened at $165.78 on Monday. Enpro Inc. has a fifty-two week low of $123.56 and a fifty-two week high of $176.13. The business has a 50-day moving average of $156.21 and a 200 day moving average of $153.66. The firm has a market cap of $3.48 billion, a P/E ratio of 64.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. Enpro’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. As a group, research analysts forecast that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, December 4th. Enpro’s payout ratio is currently 46.69%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

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.