Mutual of America Capital Management LLC Sells 1,649 Shares of Enpro Inc. (NYSE:NPO)

Mutual of America Capital Management LLC decreased its position in shares of Enpro Inc. (NYSE:NPO) by 3.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 50,529 shares of the industrial products company’s stock after selling 1,649 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Enpro were worth $8,195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Enpro during the 2nd quarter worth $29,000. GAMMA Investing LLC grew its stake in Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 200 shares during the last quarter. Innealta Capital LLC purchased a new position in Enpro in the second quarter valued at about $48,000. Blue Trust Inc. grew 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 purchasing an additional 411 shares during 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 purchasing an additional 130 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

NPO opened at $170.01 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. The firm has a market capitalization of $3.57 billion, a PE ratio of 66.15 and a beta of 1.41. The business’s 50-day moving average is $156.70 and its two-hundred day moving average is $153.79. Enpro Inc. has a 1 year low of $123.56 and a 1 year high of $176.13.

Enpro (NYSE:NPO) last issued its quarterly 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 analyst estimates of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. Enpro’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 EPS. Research analysts anticipate that Enpro Inc. will post 6.89 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is 46.69%.

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 stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares of the company’s stock, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

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.