abrdn plc Has $32.64 Million Stake in Enpro Inc. (NYSE:NPO)

abrdn plc lowered its stake in Enpro Inc. (NYSE:NPO) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,254 shares of the industrial products company’s stock after selling 27,796 shares during the period. abrdn plc’s holdings in Enpro were worth $32,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. boosted its stake in Enpro by 7.7% during the 3rd quarter. Brown Advisory Inc. now owns 322,655 shares of the industrial products company’s stock valued at $39,103,000 after purchasing an additional 22,957 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Enpro by 23.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,928 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 756 shares in the last quarter. Inspire Investing LLC acquired a new position in Enpro in the third quarter worth about $306,000. Allspring Global Investments Holdings LLC lifted its stake in Enpro by 4.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 109,797 shares of the industrial products company’s stock worth $13,306,000 after purchasing an additional 5,073 shares during the period. Finally, Congress Wealth Management LLC DE boosted its holdings in Enpro by 1.7% during the third quarter. Congress Wealth Management LLC DE now owns 52,881 shares of the industrial products company’s stock valued at $6,409,000 after purchasing an additional 876 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet upgraded Enpro from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

Insider Activity

In other Enpro news, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the sale, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at $4,585,105.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Robert Savage Mclean sold 6,400 shares of Enpro stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now owns 28,961 shares in the company, valued at $4,585,105.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Enpro Stock Performance

Shares of Enpro stock opened at $148.92 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.31 and a quick ratio of 2.59. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 140.49 and a beta of 1.55. Enpro Inc. has a one year low of $92.04 and a one year high of $170.63. The stock’s 50-day moving average is $158.93 and its 200-day moving average is $145.09.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.28). Enpro had a net margin of 2.10% and a return on equity of 9.67%. The company had revenue of $241.90 million during the quarter, compared to the consensus estimate of $264.10 million. During the same quarter in the previous year, the business earned $1.47 EPS. Enpro’s revenue was down 11.0% on a year-over-year basis. Equities analysts predict that Enpro Inc. will post 7.43 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Enpro’s previous quarterly dividend of $0.29. Enpro’s dividend payout ratio is currently 113.21%.

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.