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Aug 09, 2023

Principal Financial Group Inc. Sells 143,684 Shares of EnPro Industries, Inc. (NYSE:NPO)

Principal Financial Group Inc. lowered its stake in EnPro Industries, Inc. (NYSE:NPO - Free Report) by 53.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned

Principal Financial Group Inc. lowered its stake in EnPro Industries, Inc. (NYSE:NPO - Free Report) by 53.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 127,661 shares of the industrial products company's stock after selling 143,684 shares during the quarter. Principal Financial Group Inc. owned 0.61% of EnPro Industries worth $13,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NPO. Point72 Hong Kong Ltd bought a new position in shares of EnPro Industries during the second quarter valued at approximately $63,000. Mackenzie Financial Corp purchased a new stake in EnPro Industries in the first quarter worth $209,000. Advisor Group Holdings Inc. grew its stake in EnPro Industries by 87.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,349 shares of the industrial products company's stock worth $309,000 after purchasing an additional 1,099 shares during the period. Wellington Management Group LLP purchased a new stake in EnPro Industries in the first quarter worth $234,000. Finally, Baird Financial Group Inc. purchased a new stake in EnPro Industries in the third quarter worth $206,000. Institutional investors own 94.35% of the company's stock.

NPO stock opened at $131.70 on Monday. EnPro Industries, Inc. has a fifty-two week low of $83.69 and a fifty-two week high of $144.86. The business's 50-day moving average is $133.56 and its two-hundred day moving average is $114.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.22 and a current ratio of 4.03. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 15.87 and a beta of 1.50.

EnPro Industries (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, August 8th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.10. The firm had revenue of $276.90 million during the quarter, compared to analysts' expectations of $276.43 million. EnPro Industries had a return on equity of 10.85% and a net margin of 15.54%. The firm's revenue was down 16.9% on a year-over-year basis. During the same quarter last year, the business posted $2.32 earnings per share. As a group, analysts forecast that EnPro Industries, Inc. will post 6.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, August 29th. EnPro Industries's dividend payout ratio (DPR) is 13.98%.

A number of research firms have recently commented on NPO. StockNews.com began coverage on EnPro Industries in a research note on Thursday, August 17th. They issued a "hold" rating on the stock. TheStreet cut EnPro Industries from a "b-" rating to a "c+" rating in a research note on Wednesday, August 16th. Finally, KeyCorp increased their target price on EnPro Industries from $145.00 to $158.00 in a research note on Wednesday, July 5th.

Get Our Latest Stock Report on EnPro Industries

EnPro Industries, Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States 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; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic seals, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.

Want to see what other hedge funds are holding NPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EnPro Industries, Inc. (NYSE:NPO - Free Report).

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