Citigroup Inc. Has $4.28 Million Position in Enpro Inc. (NYSE:NPO)

Citigroup Inc. lifted its stake in shares of Enpro Inc. (NYSE:NPO) by 80.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 26,381 shares of the industrial products company’s stock after buying an additional 11,785 shares during the quarter. Citigroup Inc.’s holdings in Enpro were worth $4,278,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Enpro by 0.6% in the 2nd 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. increased its stake in 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 purchasing an additional 12,316 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Enpro by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 249,165 shares of the industrial products company’s stock valued at $40,410,000 after purchasing an additional 3,218 shares in the last quarter. Jennison Associates LLC increased its stake in Enpro by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 237,659 shares of the industrial products company’s stock valued at $38,544,000 after purchasing an additional 4,995 shares in the last quarter. Finally, Tributary Capital Management LLC grew its stake in shares of Enpro by 0.6% in the 2nd quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company’s stock worth $26,837,000 after acquiring an additional 1,077 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Stock Performance

NYSE:NPO opened at $191.63 on Wednesday. The firm has a market cap of $4.02 billion, a PE ratio of 74.56 and a beta of 1.48. Enpro Inc. has a fifty-two week low of $130.20 and a fifty-two week high of $194.08. 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 business has a 50 day moving average price of $163.43 and a 200-day moving average price of $156.54.

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

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.63%. Enpro’s payout ratio is currently 46.69%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction dated Thursday, November 14th. The shares were 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 directly owns 130 shares of the company’s stock, valued at approximately $21,125. The trade was a 69.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.

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.