State of New Jersey Common Pension Fund D Cuts Position in Enpro Inc. (NYSE:NPO)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Enpro Inc. (NYSE:NPO) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,397 shares of the industrial products company’s stock after selling 445 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Enpro worth $2,011,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new stake in shares of Enpro during the 2nd quarter valued at $29,000. Innealta Capital LLC purchased a new stake in Enpro during the second quarter worth about $48,000. GAMMA Investing LLC raised its position in Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. boosted its stake in Enpro by 357.4% in the third 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 during the last quarter. Finally, OLD National Bancorp IN bought a new position in shares of Enpro during the 3rd quarter valued at approximately $200,000. 98.31% of the stock is currently owned by institutional investors.

Enpro Stock Up 1.3 %

NPO stock opened at $165.78 on Friday. The stock has a fifty day moving average of $156.21 and a 200-day moving average of $153.63. Enpro Inc. has a fifty-two week low of $123.56 and a fifty-two week high of $176.13. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 64.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. Enpro’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. As a group, equities research analysts predict that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s payout ratio is currently 46.69%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Insider Activity

In other news, CAO Steven R. Bower sold 300 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the sale, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at approximately $21,125. This represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

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.