GAMMA Investing LLC Lowers Position in Enpro Inc. (NYSE:NPO)

GAMMA Investing LLC decreased its position in Enpro Inc. (NYSE:NPO) by 19.7% during the 4th quarter, Holdings Channel reports. The fund owned 256 shares of the industrial products company’s stock after selling 63 shares during the quarter. GAMMA Investing LLC’s holdings in Enpro were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NPO. Barclays PLC boosted its holdings in shares of Enpro by 115.6% in the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after acquiring an additional 32,544 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Enpro by 129.7% in the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after acquiring an additional 16,600 shares in the last quarter. Congress Asset Management Co. boosted its holdings in shares of Enpro by 4.2% in the third 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 in the last quarter. Citigroup Inc. lifted its stake in shares of Enpro by 80.7% in the third quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock valued at $4,278,000 after purchasing an additional 11,785 shares during the period. Finally, FMR LLC lifted its stake in shares of Enpro by 0.9% in the third quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after purchasing an additional 11,643 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Stock Performance

Shares of NPO opened at $163.67 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.44 billion, a P/E ratio of 63.69 and a beta of 1.50. The company has a 50-day moving average of $176.30 and a two-hundred day moving average of $162.55. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $197.94.

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

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Wednesday, December 4th. Enpro’s dividend payout ratio is presently 46.69%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NPO. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp raised their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Oppenheimer raised their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, December 16th.

Insider Activity

In other news, CAO Steven R. Bower sold 300 shares of the business’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 owns 130 shares of the company’s stock, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

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.