Belmont Capital LLC Invests $565,000 in Enpro Inc. (NYSE:NPO)

Belmont Capital LLC purchased a new stake in shares of Enpro Inc. (NYSE:NPO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,482 shares of the industrial products company’s stock, valued at approximately $565,000.

Several other large investors have also recently bought and sold shares of the business. Natixis Advisors LLC grew its stake in Enpro by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 13,330 shares of the industrial products company’s stock valued at $2,162,000 after acquiring an additional 623 shares in the last quarter. Zions Bancorporation N.A. lifted its position in Enpro by 19.4% in the 3rd quarter. Zions Bancorporation N.A. now owns 11,500 shares of the industrial products company’s stock worth $1,865,000 after buying an additional 1,865 shares in the last quarter. KBC Group NV grew its holdings in shares of Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 130 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Enpro by 24.3% in the third quarter. Crossmark Global Holdings Inc. now owns 1,726 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 337 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in shares of Enpro during the third quarter worth $421,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 300 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares in the company, valued at $21,125. This represents a 69.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

Enpro Trading Up 2.6 %

Shares of NYSE:NPO opened at $170.01 on Tuesday. The stock has a market capitalization of $3.57 billion, a PE ratio of 66.15 and a beta of 1.41. The firm has a fifty day moving average price of $156.70 and a 200 day moving average price of $153.79. Enpro Inc. has a 1 year low of $123.56 and a 1 year high of $176.13. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). Enpro had a return on equity of 9.71% and a net margin of 5.20%. The company had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same period in the previous year, the company earned $1.58 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts expect that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, December 4th. Enpro’s dividend payout ratio is 46.69%.

Analysts Set New Price Targets

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

Enpro 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.