Trust Point Inc. Sells 894 Shares of Enpro Inc. (NYSE:NPO)

Trust Point Inc. cut its position in Enpro Inc. (NYSE:NPO) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,702 shares of the industrial products company’s stock after selling 894 shares during the quarter. Trust Point Inc.’s holdings in Enpro were worth $1,156,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NPO. Bank of Montreal Can increased its holdings in Enpro by 3.2% in the second quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 80 shares in the last quarter. Heritage Family Offices LLP increased its holdings in Enpro by 4.7% in the fourth quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 87 shares in the last quarter. Creative Planning increased its holdings in Enpro by 3.1% in the second quarter. Creative Planning now owns 3,501 shares of the industrial products company’s stock worth $510,000 after purchasing an additional 106 shares in the last quarter. Inspire Investing LLC increased its holdings in Enpro by 5.1% in the third quarter. Inspire Investing LLC now owns 2,552 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 124 shares in the last quarter. Finally, KBC Group NV increased its holdings in Enpro by 24.3% in the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NPO. KeyCorp raised their price objective on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer boosted their price objective on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Enpro Price Performance

Shares of Enpro stock opened at $183.49 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3.85 billion, a PE ratio of 71.40 and a beta of 1.49. The business’s 50-day moving average price is $179.21 and its 200-day moving average price is $165.48. Enpro Inc. has a 12 month low of $136.68 and a 12 month high of $197.94.

Enpro (NYSE:NPO) last posted its quarterly 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 return on equity of 9.71% and a net margin of 5.20%. The company had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same quarter in the previous year, the business earned $1.58 earnings per share. Enpro’s revenue was up 4.1% compared to the same quarter last year. Sell-side analysts forecast that Enpro Inc. will post 6.89 EPS for the current fiscal year.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value 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 approximately $21,125. This trade represents a 69.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently 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.