Gabelli Funds LLC Trims Stock Position in Enpro Inc. (NYSE:NPO)

Gabelli Funds LLC cut its position in shares of Enpro Inc. (NYSE:NPO) by 17.3% during the first quarter, Holdings Channel.com reports. The firm owned 98,700 shares of the industrial products company’s stock after selling 20,700 shares during the quarter. Gabelli Funds LLC’s holdings in Enpro were worth $16,658,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Enpro by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,335,491 shares of the industrial products company’s stock worth $366,065,000 after purchasing an additional 22,611 shares during the period. Brown Advisory Inc. raised its stake in shares of Enpro by 49.6% in the 4th quarter. Brown Advisory Inc. now owns 482,639 shares of the industrial products company’s stock valued at $75,649,000 after acquiring an additional 159,984 shares during the period. Jennison Associates LLC raised its stake in shares of Enpro by 1.3% in the 1st quarter. Jennison Associates LLC now owns 446,823 shares of the industrial products company’s stock valued at $75,410,000 after acquiring an additional 5,805 shares during the period. Congress Asset Management Co. MA raised its stake in shares of Enpro by 10.5% in the 1st quarter. Congress Asset Management Co. MA now owns 312,823 shares of the industrial products company’s stock valued at $52,795,000 after acquiring an additional 29,694 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Enpro by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 306,173 shares of the industrial products company’s stock valued at $47,990,000 after acquiring an additional 24,091 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Trading Up 2.6 %

Shares of Enpro stock traded up $4.33 on Friday, reaching $171.51. The company had a trading volume of 56,908 shares, compared to its average volume of 92,978. The firm’s 50 day moving average price is $151.04 and its two-hundred day moving average price is $153.88. The firm has a market cap of $3.59 billion, a PE ratio of -1,225.07 and a beta of 1.43. Enpro Inc. has a 52-week low of $106.08 and a 52-week high of $173.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.77 and a current ratio of 2.59.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $257.50 million for the quarter, compared to the consensus estimate 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. Sell-side analysts predict that Enpro Inc. will post 7.45 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.70%. The ex-dividend date was Wednesday, June 5th. Enpro’s payout ratio is currently -857.14%.

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.