Alliancebernstein L.P. lowered its position in shares of EnPro Industries, Inc. (NYSE:NPO) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,537 shares of the industrial products company’s stock after selling 5,000 shares during the period. Alliancebernstein L.P.’s holdings in EnPro Industries were worth $2,575,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of NPO. Eagle Asset Management Inc. acquired a new stake in shares of EnPro Industries during the fourth quarter worth about $17,956,000. Allianz Asset Management GmbH acquired a new stake in shares of EnPro Industries during the third quarter worth about $7,927,000. Bank of New York Mellon Corp increased its position in shares of EnPro Industries by 32.7% during the fourth quarter. Bank of New York Mellon Corp now owns 399,152 shares of the industrial products company’s stock worth $37,325,000 after purchasing an additional 98,315 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in shares of EnPro Industries during the fourth quarter worth about $8,934,000. Finally, Wells Fargo & Company MN increased its position in shares of EnPro Industries by 321.2% during the fourth quarter. Wells Fargo & Company MN now owns 110,824 shares of the industrial products company’s stock worth $10,363,000 after purchasing an additional 84,515 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.
A number of analysts have recently commented on NPO shares. ValuEngine upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. KeyCorp upgraded EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 target price on the stock in a research report on Friday, December 8th. Oppenheimer lifted their target price on EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Zacks Investment Research upgraded EnPro Industries from a “sell” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Saturday, February 17th. Finally, B. Riley reiterated a “buy” rating on shares of EnPro Industries in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. EnPro Industries currently has an average rating of “Buy” and a consensus price target of $98.20.
In related news, SVP Steven R. Bower purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $75.54 per share, for a total transaction of $75,540.00. Following the transaction, the senior vice president now directly owns 1,118 shares of the company’s stock, valued at approximately $84,453.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
Shares of NPO stock opened at $76.71 on Friday. The stock has a market capitalization of $1,656.58, a P/E ratio of 33.35, a P/E/G ratio of 0.92 and a beta of 1.06. EnPro Industries, Inc. has a 52-week low of $63.62 and a 52-week high of $94.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.30 and a current ratio of 3.06.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The firm had revenue of $362.50 million for the quarter, compared to analysts’ expectations of $348.10 million. EnPro Industries had a return on equity of 8.02% and a net margin of 40.39%. equities research analysts forecast that EnPro Industries, Inc. will post 3.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, March 6th. This is a boost from EnPro Industries’s previous quarterly dividend of $0.22. EnPro Industries’s payout ratio is 41.74%.
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EnPro Industries Profile
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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