Royce & Associates LP Has $58.91 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Royce & Associates LP reduced its holdings in Enpro Inc. (NYSE:NPO) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 363,243 shares of the industrial products company’s stock after selling 22,546 shares during the quarter. Royce & Associates LP owned about 1.73% of Enpro worth $58,911,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Enpro in the second quarter worth $29,000. GAMMA Investing LLC grew its stake in shares of Enpro by 168.1% in the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after buying an additional 200 shares during the period. Innealta Capital LLC bought a new stake in Enpro in the 2nd quarter valued at about $48,000. Blue Trust Inc. boosted its holdings in Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 411 shares in the last quarter. Finally, KBC Group NV grew its stake in Enpro by 24.3% in the third 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 during the period. 98.31% of the stock is currently owned by institutional investors.

Enpro Price Performance

Shares of NYSE NPO opened at $163.64 on Friday. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 63.67 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 Inc. has a fifty-two week low of $123.56 and a fifty-two week high of $176.13. The firm’s 50-day simple moving average is $155.81 and its 200 day simple moving average is $153.51.

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 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 company had revenue of $260.90 million for the quarter, compared to analysts’ expectations of $264.47 million. During the same period in the previous year, the firm earned $1.58 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is presently 46.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report 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.