Congress Asset Management Co. Grows Holdings in Enpro Inc. (NYSE:NPO)

Congress Asset Management Co. increased its holdings in shares of Enpro Inc. (NYSE:NPO) by 4.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 309,042 shares of the industrial products company’s stock after acquiring an additional 12,316 shares during the period. Congress Asset Management Co. owned approximately 1.48% of Enpro worth $50,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. abrdn plc increased its stake in shares of Enpro by 1.5% during the third 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 in the last quarter. Argent Capital Management LLC raised its holdings in shares of Enpro by 59.2% during the third quarter. Argent Capital Management LLC now owns 3,979 shares of the industrial products company’s stock valued at $645,000 after acquiring an additional 1,479 shares during the last quarter. OLD National Bancorp IN purchased a new position in shares of Enpro in the third quarter valued at approximately $200,000. Blue Trust Inc. boosted its stake in shares of Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 411 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Enpro during the third quarter worth approximately $352,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Enpro Stock Down 0.4 %

Shares of NPO traded down $0.63 during mid-day trading on Thursday, hitting $147.36. 12,729 shares of the company’s stock were exchanged, compared to its average volume of 93,382. The stock’s 50-day moving average is $155.61 and its 200-day moving average is $153.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. Enpro Inc. has a fifty-two week low of $106.08 and a fifty-two week high of $176.13. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 73.26 and a beta of 1.40.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.23. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm had revenue of $271.90 million for the quarter, compared to the consensus estimate of $270.90 million. During the same period in the prior year, the firm earned $1.83 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, sell-side analysts anticipate that Enpro Inc. will post 7.4 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Steven R. Bower sold 1,548 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the transaction, the chief accounting officer now directly owns 604 shares of the company’s stock, valued at $90,636.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

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.