Rhumbline Advisers increased its stake in shares of EnPro Industries, Inc. (NYSE:NPO – Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,682 shares of the industrial products company’s stock after buying an additional 3,262 shares during the quarter. Rhumbline Advisers owned about 0.33% of EnPro Industries worth $7,135,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can lifted its position in EnPro Industries by 0.6% during the first quarter. Great West Life Assurance Co. Can now owns 17,805 shares of the industrial products company’s stock worth $1,785,000 after buying an additional 112 shares in the last quarter. Amalgamated Bank lifted its position in EnPro Industries by 1.5% during the fourth quarter. Amalgamated Bank now owns 9,552 shares of the industrial products company’s stock worth $1,038,000 after buying an additional 145 shares in the last quarter. Arizona State Retirement System lifted its position in EnPro Industries by 2.7% during the first quarter. Arizona State Retirement System now owns 5,726 shares of the industrial products company’s stock worth $595,000 after buying an additional 150 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in EnPro Industries by 0.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 19,552 shares of the industrial products company’s stock worth $1,602,000 after acquiring an additional 171 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in EnPro Industries by 7.3% during the second quarter. Captrust Financial Advisors now owns 2,615 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on NPO. TheStreet cut EnPro Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, August 16th. StockNews.com began coverage on EnPro Industries in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, KeyCorp raised their target price on EnPro Industries from $145.00 to $158.00 in a research note on Wednesday, July 5th.
EnPro Industries Trading Down 6.1 %
Shares of NYSE NPO opened at $129.21 on Wednesday. EnPro Industries, Inc. has a twelve month low of $83.69 and a twelve month high of $144.86. The company has a current ratio of 4.03, a quick ratio of 3.22 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $134.66 and a 200-day simple moving average of $115.03. The stock has a market capitalization of $2.70 billion, a PE ratio of 15.57 and a beta of 1.51.
EnPro Industries (NYSE:NPO – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.10. EnPro Industries had a return on equity of 10.85% and a net margin of 15.54%. The business had revenue of $276.90 million during the quarter, compared to analysts’ expectations of $276.43 million. During the same period in the previous year, the firm posted $2.32 earnings per share. The company’s revenue was down 16.9% on a year-over-year basis. On average, equities analysts forecast that EnPro Industries, Inc. will post 6.92 earnings per share for the current year.
EnPro Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 30th will be issued a $0.29 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 0.90%. EnPro Industries’s dividend payout ratio (DPR) is presently 13.98%.
About EnPro Industries
EnPro Industries, Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic seals, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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