Mutual of America Capital Management LLC Sells 1,649 Shares of Enpro Inc. (NYSE:NPO)

Mutual of America Capital Management LLC cut its stake in shares of Enpro Inc. (NYSE:NPO) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,529 shares of the industrial products company’s stock after selling 1,649 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.24% of Enpro worth $8,195,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NPO. Dimensional Fund Advisors LP lifted its holdings in Enpro by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock worth $180,865,000 after purchasing an additional 7,992 shares in the last quarter. Congress Asset Management Co. lifted its holdings in Enpro by 4.2% in the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after purchasing an additional 12,316 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in Enpro by 0.6% in the 2nd quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company’s stock worth $26,837,000 after purchasing an additional 1,077 shares in the last quarter. abrdn plc lifted its holdings in Enpro by 1.5% in the 3rd 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. Finally, Swedbank AB purchased a new position in Enpro in the 1st quarter worth approximately $28,691,000. 98.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Enpro Stock Performance

NYSE:NPO opened at $170.01 on Tuesday. The stock’s fifty day moving average is $156.70 and its 200 day moving average is $153.79. Enpro Inc. has a fifty-two week low of $123.56 and a fifty-two week high of $176.13. The firm has a market capitalization of $3.57 billion, a PE ratio of 66.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76.

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

Enpro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the transaction, the chief accounting officer now owns 130 shares of the company’s stock, valued at $21,125. This represents a 69.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

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.