Enpro Inc. (NYSE:NPO) Shares Purchased by KBC Group NV

KBC Group NV grew its position in shares of Enpro Inc. (NYSE:NPO) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 664 shares of the industrial products company’s stock after purchasing an additional 130 shares during the quarter. KBC Group NV’s holdings in Enpro were worth $108,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new stake in Enpro in the second quarter worth approximately $29,000. Innealta Capital LLC bought a new position in shares of Enpro during the 2nd quarter worth approximately $48,000. GAMMA Investing LLC boosted its stake in shares of Enpro by 168.1% in the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. boosted its position in Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after buying an additional 411 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new position in shares of Enpro in the 3rd quarter worth approximately $200,000. Institutional investors own 98.31% of the company’s stock.

Enpro Stock Up 3.3 %

Shares of NYSE:NPO opened at $180.13 on Friday. The company has a 50 day moving average of $157.81 and a 200-day moving average of $154.08. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 69.97 and a beta of 1.41. Enpro Inc. has a one year low of $126.71 and a one year high of $180.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 EPS. On average, sell-side analysts forecast that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.67%. The ex-dividend date is Wednesday, December 4th. Enpro’s payout ratio is presently 46.69%.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 300 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the sale, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

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

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.