Chicago Equity Partners LLC boosted its position in EnPro Industries (NYSE:NPO) by 20.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,400 shares of the industrial products company’s stock after acquiring an additional 3,462 shares during the period. Chicago Equity Partners LLC owned 0.09% of EnPro Industries worth $1,579,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Miles Capital Inc. acquired a new position in EnPro Industries in the first quarter valued at about $315,000. Prudential Financial Inc. lifted its stake in EnPro Industries by 3.1% in the first quarter. Prudential Financial Inc. now owns 37,722 shares of the industrial products company’s stock valued at $2,919,000 after buying an additional 1,150 shares during the period. Granite Investment Partners LLC lifted its stake in EnPro Industries by 80.8% in the first quarter. Granite Investment Partners LLC now owns 172,726 shares of the industrial products company’s stock valued at $13,365,000 after buying an additional 77,189 shares during the period. Victory Capital Management Inc. acquired a new position in EnPro Industries in the first quarter valued at about $337,000. Finally, Virginia Retirement Systems ET AL acquired a new position in EnPro Industries in the first quarter valued at about $1,501,000. Institutional investors and hedge funds own 98.97% of the company’s stock.
In other EnPro Industries news, SVP Steven R. Bower purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of $75.54 per share, with a total value of $75,540.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.60% of the company’s stock.
NPO has been the topic of several analyst reports. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research raised EnPro Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. KeyCorp dropped their price target on EnPro Industries from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, May 3rd. Oppenheimer reaffirmed a “buy” rating on shares of EnPro Industries in a research report on Wednesday, May 9th. Finally, B. Riley reaffirmed a “buy” rating on shares of EnPro Industries in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $95.20.
EnPro Industries opened at $74.60 on Friday, according to Marketbeat.com. The stock has a market cap of $1.52 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.47 and a beta of 1.08. The company has a current ratio of 3.45, a quick ratio of 2.52 and a debt-to-equity ratio of 0.67. EnPro Industries has a one year low of $72.50 and a one year high of $73.12.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.11). The business had revenue of $368.80 million for the quarter, compared to analyst estimates of $355.07 million. EnPro Industries had a return on equity of 7.77% and a net margin of 38.71%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. research analysts anticipate that EnPro Industries will post 3.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Wednesday, June 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, June 5th. EnPro Industries’s dividend payout ratio is currently 41.74%.
EnPro Industries Profile
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
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