Metropolitan Life Insurance Co. NY lowered its position in EnPro Industries, Inc. (NYSE:NPO) by 54.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,459 shares of the industrial products company’s stock after selling 7,753 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in EnPro Industries were worth $604,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Macquarie Group Ltd. grew its stake in EnPro Industries by 17.3% in the fourth quarter. Macquarie Group Ltd. now owns 591,792 shares of the industrial products company’s stock valued at $55,338,000 after purchasing an additional 87,074 shares in the last quarter. Millennium Management LLC boosted its stake in shares of EnPro Industries by 67.9% during the 4th quarter. Millennium Management LLC now owns 365,749 shares of the industrial products company’s stock worth $34,201,000 after acquiring an additional 147,898 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of EnPro Industries by 83.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 116,837 shares of the industrial products company’s stock worth $10,925,000 after acquiring an additional 53,002 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of EnPro Industries by 271.2% during the 4th quarter. Teachers Advisors LLC now owns 169,093 shares of the industrial products company’s stock worth $15,812,000 after acquiring an additional 123,536 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of EnPro Industries by 69.0% during the 4th quarter. Two Sigma Investments LP now owns 42,356 shares of the industrial products company’s stock worth $3,961,000 after acquiring an additional 17,295 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.
In other EnPro Industries news, SVP Steven R. Bower acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $75.54 per share, with a total value of $75,540.00. Following the transaction, the senior vice president now owns 1,118 shares of the company’s stock, valued at $84,453.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.
NPO opened at $76.31 on Tuesday. The stock has a market cap of $1,656.37, a PE ratio of 33.18, 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 quick ratio of 2.30, a current ratio of 3.06 and a debt-to-equity ratio of 0.68.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. EnPro Industries had a return on equity of 8.02% and a net margin of 40.39%. The business had revenue of $362.50 million during the quarter, compared to analysts’ expectations of $348.10 million. equities research analysts forecast that EnPro Industries, Inc. will post 3.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, March 6th. This is a boost from EnPro Industries’s previous quarterly dividend of $0.22. EnPro Industries’s payout ratio is currently 41.74%.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Tuesday, January 2nd. Oppenheimer upped 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 reiterated a “buy” rating on shares of EnPro Industries in a research note on Thursday, February 15th. Finally, ValuEngine upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. EnPro Industries has an average rating of “Buy” and a consensus target price of $98.20.
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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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