Crossmark Global Holdings Inc. Acquires 337 Shares of Enpro Inc. (NYSE:NPO)

Crossmark Global Holdings Inc. grew its holdings in shares of Enpro Inc. (NYSE:NPO) by 24.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,726 shares of the industrial products company’s stock after purchasing an additional 337 shares during the period. Crossmark Global Holdings Inc.’s holdings in Enpro were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Enpro by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock valued at $180,865,000 after purchasing an additional 7,992 shares in the last quarter. Congress Asset Management Co. raised its position in shares of Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock valued at $50,120,000 after buying an additional 12,316 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Enpro by 0.6% during the 2nd quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company’s stock valued at $26,837,000 after buying an additional 1,077 shares in the last quarter. abrdn plc lifted its holdings in shares of Enpro by 1.5% during the 3rd quarter. abrdn plc now owns 177,327 shares of the industrial products company’s stock worth $28,759,000 after acquiring an additional 2,654 shares during the last quarter. Finally, Swedbank AB purchased a new position in Enpro in the first quarter worth $28,691,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

NPO stock opened at $165.78 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The firm has a market cap of $3.48 billion, a P/E ratio of 64.51 and a beta of 1.41. The firm’s fifty day moving average is $156.21 and its 200 day moving average is $153.66. Enpro Inc. has a 52 week low of $123.56 and a 52 week high of $176.13.

Enpro (NYSE:NPO) last announced its quarterly earnings data 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 net margin of 5.20% and a return on equity of 9.71%. The company had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same period last year, the business posted $1.58 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts predict that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.72%. Enpro’s payout ratio is currently 46.69%.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 300 shares of the company’s 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 transaction, the chief accounting officer now owns 130 shares of the company’s stock, valued at $21,125. This represents a 69.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.