Dimensional Fund Advisors LP lifted its holdings in shares of EnPro Industries, Inc. (NYSE:NPO) by 30.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,069,483 shares of the industrial products company’s stock after acquiring an additional 248,556 shares during the period. Dimensional Fund Advisors LP owned 0.05% of EnPro Industries worth $74,811,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Prudential Financial Inc. grew its position in shares of EnPro Industries by 3.1% during the first quarter. Prudential Financial Inc. now owns 37,722 shares of the industrial products company’s stock worth $2,919,000 after acquiring an additional 1,150 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in EnPro Industries in the 2nd quarter valued at $278,000. KBC Group NV grew its position in EnPro Industries by 31.9% in the 2nd quarter. KBC Group NV now owns 34,791 shares of the industrial products company’s stock valued at $2,434,000 after buying an additional 8,415 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in EnPro Industries by 3.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 142,936 shares of the industrial products company’s stock valued at $11,061,000 after buying an additional 4,910 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its position in EnPro Industries by 1,500.9% in the 1st quarter. OppenheimerFunds Inc. now owns 152,358 shares of the industrial products company’s stock valued at $11,789,000 after buying an additional 142,841 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.
A number of equities analysts recently weighed in on the stock. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research report on Monday, August 6th. Oppenheimer lowered their price objective on shares of EnPro Industries from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, August 2nd. ValuEngine upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. SunTrust Banks reiterated a “buy” rating and issued a $88.00 price objective on shares of EnPro Industries in a research report on Thursday, August 16th. Finally, B. Riley lowered their price objective on shares of EnPro Industries from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $90.67.
In other EnPro Industries news, SVP Jon D. Rickers sold 500 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total transaction of $37,815.00. Following the sale, the senior vice president now directly owns 6,215 shares in the company, valued at approximately $470,040.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.
Shares of NYSE NPO opened at $77.73 on Monday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 1.55 and a beta of 1.06. EnPro Industries, Inc. has a one year low of $63.73 and a one year high of $94.79. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.78 and a current ratio of 2.64.
EnPro Industries (NYSE:NPO) last issued its earnings results on Wednesday, August 1st. The industrial products company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.37). The company had revenue of $393.60 million for the quarter, compared to analysts’ expectations of $370.48 million. EnPro Industries had a return on equity of 7.33% and a net margin of 36.50%. EnPro Industries’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. analysts forecast that EnPro Industries, Inc. will post 3.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Wednesday, September 5th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. EnPro Industries’s payout ratio is currently 41.74%.
EnPro Industries Company 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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