Enpro Inc. (NYSE:NPO) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its stake in shares of Enpro Inc. (NYSE:NPO) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,491 shares of the industrial products company’s stock after selling 4,728 shares during the quarter. Kennedy Capital Management LLC owned 0.27% of Enpro worth $9,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pitcairn Co. lifted its stake in shares of Enpro by 1.9% in the 1st quarter. Pitcairn Co. now owns 4,050 shares of the industrial products company’s stock worth $684,000 after acquiring an additional 77 shares during the period. Illinois Municipal Retirement Fund lifted its position in Enpro by 0.7% in the first quarter. Illinois Municipal Retirement Fund now owns 12,198 shares of the industrial products company’s stock valued at $2,059,000 after purchasing an additional 85 shares during the period. Bahl & Gaynor Inc. boosted its holdings in Enpro by 0.4% in the 1st quarter. Bahl & Gaynor Inc. now owns 33,891 shares of the industrial products company’s stock valued at $5,720,000 after purchasing an additional 122 shares in the last quarter. Quadrant Capital Group LLC increased its position in Enpro by 12.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 134 shares during the period. Finally, US Bancorp DE raised its stake in shares of Enpro by 1.7% during the 4th quarter. US Bancorp DE now owns 9,305 shares of the industrial products company’s stock worth $1,458,000 after buying an additional 158 shares in the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Price Performance

Shares of Enpro stock traded down $1.59 during trading on Tuesday, reaching $168.94. The company’s stock had a trading volume of 61,055 shares, compared to its average volume of 99,148. The business has a 50 day moving average price of $151.44 and a 200-day moving average price of $154.21. Enpro Inc. has a 12-month low of $106.08 and a 12-month high of $173.33. The company has a market capitalization of $3.54 billion, a P/E ratio of -1,218.38 and a beta of 1.43. The company has a quick ratio of 1.77, a current ratio of 2.59 and a debt-to-equity ratio of 0.47.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, May 7th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03. The company had revenue of $257.50 million for the quarter, compared to analyst estimates of $269.00 million. Enpro had a negative net margin of 0.26% and a positive return on equity of 9.17%. The business’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.95 EPS. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.45 EPS for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. Enpro’s dividend payout ratio (DPR) is presently -857.08%.

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.