Argent Capital Management LLC Has $645,000 Stake in Enpro Inc. (NYSE:NPO)

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

A number of other large investors have also recently added to or reduced their stakes in NPO. OLD National Bancorp IN acquired a new position in shares of Enpro during the third quarter worth about $200,000. Blue Trust Inc. grew its holdings in shares of Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 411 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of Enpro in the third quarter valued at about $352,000. Creative Planning raised its holdings in Enpro by 32.9% during the third quarter. Creative Planning now owns 4,652 shares of the industrial products company’s stock worth $754,000 after acquiring an additional 1,151 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Enpro by 5.1% during the 3rd quarter. Inspire Investing LLC now owns 2,552 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the transaction, the chief accounting officer now owns 604 shares of the company’s stock, valued at approximately $90,636.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Enpro Price Performance

Shares of NPO traded down $1.21 during trading hours on Thursday, reaching $147.54. The stock had a trading volume of 7,836 shares, compared to its average volume of 93,998. Enpro Inc. has a 12 month low of $106.08 and a 12 month high of $176.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. 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’s 50-day moving average is $155.93 and its two-hundred day moving average is $153.47.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.23. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm had revenue of $271.90 million for the quarter, compared to analyst estimates of $270.90 million. During the same quarter in the prior year, the business earned $1.83 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Enpro Inc. will post 7.4 EPS for the current year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Wednesday, September 4th. Enpro’s dividend payout ratio (DPR) is currently -857.14%.

About Enpro

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.