Raymond James & Associates Sells 8,461 Shares of EnPro Industries, Inc. (NYSE:NPO)

Raymond James & Associates lowered its position in shares of EnPro Industries, Inc. (NYSE:NPO – Get Rating) by 19.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,561 shares of the industrial products company’s stock after selling 8,461 shares during the quarter. Raymond James & Associates owned approximately 0.17% of EnPro Industries worth $3,022,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NPO. Lazard Asset Management LLC acquired a new stake in EnPro Industries in the 2nd quarter valued at about $28,000. First Horizon Advisors Inc. acquired a new stake in shares of EnPro Industries during the 2nd quarter worth approximately $37,000. UMB Bank n.a. grew its position in shares of EnPro Industries by 82.6% during the 2nd quarter. UMB Bank n.a. now owns 513 shares of the industrial products company’s stock worth $42,000 after buying an additional 232 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of EnPro Industries during the 2nd quarter worth approximately $63,000. Finally, KBC Group NV grew its position in shares of EnPro Industries by 96.5% during the 2nd quarter. KBC Group NV now owns 1,753 shares of the industrial products company’s stock worth $144,000 after buying an additional 861 shares during the period. Institutional investors and hedge funds own 93.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NPO. StockNews.com cut shares of EnPro Industries from a “buy” rating to a “hold” rating in a research report on Thursday, December 22nd. KeyCorp lifted their price target on shares of EnPro Industries from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, November 3rd.

EnPro Industries Stock Up 2.1 %

EnPro Industries stock opened at $113.73 on Friday. The company’s 50 day simple moving average is $114.04 and its 200 day simple moving average is $101.21. EnPro Industries, Inc. has a fifty-two week low of $76.14 and a fifty-two week high of $127.67. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 13.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.57 and a quick ratio of 1.98.

EnPro Industries (NYSE:NPO – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.54. EnPro Industries had a net margin of 14.60% and a return on equity of 11.98%. The business had revenue of $280.10 million for the quarter, compared to analyst estimates of $266.75 million. As a group, sell-side analysts anticipate that EnPro Industries, Inc. will post 6.81 EPS for the current year.

EnPro Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, November 29th. EnPro Industries’s payout ratio is 13.07%.

EnPro Industries Company Profile

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EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. 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, flange, 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.