Castleark Management LLC lowered its stake in shares of EnPro Industries, Inc. (NYSE:NPO) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,827 shares of the industrial products company’s stock after selling 785 shares during the period. Castleark Management LLC owned 0.55% of EnPro Industries worth $10,924,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of NPO. Allianz Asset Management GmbH acquired a new stake in EnPro Industries in the 3rd quarter worth about $7,927,000. Assenagon Asset Management S.A. acquired a new stake in EnPro Industries in the 4th quarter worth about $5,347,000. Wells Fargo & Company MN boosted its stake in EnPro Industries by 52.9% in the 3rd quarter. Wells Fargo & Company MN now owns 26,309 shares of the industrial products company’s stock worth $2,119,000 after buying an additional 9,102 shares during the last quarter. Swiss National Bank boosted its stake in EnPro Industries by 3.4% in the 4th quarter. Swiss National Bank now owns 36,400 shares of the industrial products company’s stock worth $3,404,000 after buying an additional 1,200 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in EnPro Industries in the 4th quarter worth about $17,956,000. 92.80% of the stock is currently owned by institutional investors and hedge funds.
NPO has been the topic of a number of research analyst reports. Zacks Investment Research raised EnPro Industries from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, January 2nd. KeyCorp raised EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price target on the stock in a research note on Friday, December 8th. Oppenheimer raised their price target on EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. B. Riley reissued a “buy” rating on shares of EnPro Industries in a research note on Thursday, February 15th. Finally, ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $96.00.
EnPro Industries, Inc. (NYSE:NPO) opened at $78.05 on Friday. The company has a market capitalization of $1,659.82, a PE ratio of 3.22, a PEG ratio of 0.92 and a beta of 1.17. The company has a quick ratio of 2.30, a current ratio of 3.06 and a debt-to-equity ratio of 0.68. EnPro Industries, Inc. has a twelve month low of $62.37 and a twelve month high of $94.79.
EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $362.50 million for the quarter, compared to the consensus estimate of $348.10 million. EnPro Industries had a return on equity of 8.02% and a net margin of 40.39%. equities research analysts anticipate that EnPro Industries, Inc. will post 3.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from EnPro Industries’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, March 6th. EnPro Industries’s dividend payout ratio (DPR) is 3.96%.
In other news, SVP Steven R. Bower acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of $75.54 per share, for a total transaction of $75,540.00. Following the acquisition, the senior vice president now directly owns 1,118 shares in the company, valued at approximately $84,453.72. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.60% of the company’s stock.
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About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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