Argent Capital Management LLC Increases Stake in Enpro Inc. (NYSE:NPO)

Argent Capital Management LLC grew its stake in Enpro Inc. (NYSE:NPO) by 59.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,979 shares of the industrial products company’s stock after acquiring an additional 1,479 shares during the period. Argent Capital Management LLC’s holdings in Enpro were worth $645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Swedbank AB acquired a new stake in Enpro during the first quarter valued at $28,691,000. F M Investments LLC purchased a new position in Enpro during the second quarter worth about $14,315,000. Vanguard Group Inc. increased its holdings in Enpro by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,335,491 shares of the industrial products company’s stock valued at $366,065,000 after purchasing an additional 22,611 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Enpro by 129.7% in the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after buying an additional 16,600 shares during the period. Finally, Sei Investments Co. lifted its holdings in Enpro by 24.8% during the 2nd quarter. Sei Investments Co. now owns 40,897 shares of the industrial products company’s stock worth $5,953,000 after buying an additional 8,125 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

Shares of NPO traded down $1.21 during trading hours on Thursday, reaching $147.54. 7,836 shares of the company traded hands, compared to its average volume of 93,998. The stock has a fifty day simple moving average of $155.93 and a 200 day simple moving average of $153.47. Enpro Inc. has a fifty-two week low of $106.08 and a fifty-two week high of $176.13. The stock has a market capitalization of $3.09 billion, a PE ratio of -1,062.50 and a beta of 1.40. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The business had revenue of $271.90 million for the quarter, compared to the consensus estimate of $270.90 million. During the same quarter last year, the firm posted $1.83 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts predict that Enpro Inc. will post 7.4 EPS for the current fiscal year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Wednesday, September 4th. Enpro’s dividend payout ratio is presently -857.14%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the sale, the chief accounting officer now directly owns 604 shares in the company, valued at $90,636.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.