Leeward Investments LLC MA Sells 1,019 Shares of Enpro Inc. (NYSE:NPO)

Leeward Investments LLC MA trimmed its holdings in shares of Enpro Inc. (NYSE:NPO) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 131,587 shares of the industrial products company’s stock after selling 1,019 shares during the period. Enpro comprises about 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 27th largest position. Leeward Investments LLC MA’s holdings in Enpro were worth $20,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brown Advisory Inc. lifted its position in shares of Enpro by 7.7% during the third quarter. Brown Advisory Inc. now owns 322,655 shares of the industrial products company’s stock valued at $39,103,000 after buying an additional 22,957 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Enpro by 23.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,928 shares of the industrial products company’s stock valued at $476,000 after buying an additional 756 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Enpro in the 3rd quarter valued at approximately $306,000. Allspring Global Investments Holdings LLC raised its position in shares of Enpro by 4.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 109,797 shares of the industrial products company’s stock valued at $13,306,000 after purchasing an additional 5,073 shares during the last quarter. Finally, Congress Wealth Management LLC DE raised its position in shares of Enpro by 1.7% in the 3rd 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 during the last quarter. 98.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Enpro

In other Enpro news, CAO Robert Savage Mclean sold 6,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the transaction, the chief accounting officer now owns 28,961 shares in the company, valued at approximately $4,585,105.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Enpro news, CAO Robert Savage Mclean sold 6,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the transaction, the chief accounting officer now owns 28,961 shares in the company, valued at approximately $4,585,105.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Der Graaf Kees Van sold 1,200 shares of Enpro stock in a transaction on Thursday, February 29th. The stock was 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. 1.60% of the stock is currently owned by insiders.

Enpro Price Performance

Shares of NYSE NPO opened at $150.82 on Friday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 142.28 and a beta of 1.55. Enpro Inc. has a 12 month low of $92.88 and a 12 month high of $170.63. The firm’s 50 day simple moving average is $158.10 and its 200-day simple moving average is $145.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.31 and a quick ratio of 2.59.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $264.10 million. During the same period in the prior year, the business posted $1.47 EPS. Enpro’s revenue was down 11.0% compared to the same quarter last year. Analysts expect that Enpro Inc. will post 7.43 EPS for the current year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. This is a boost from Enpro’s previous quarterly dividend of $0.29. Enpro’s dividend payout ratio (DPR) is currently 113.21%.

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.