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:NPOGet 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:NPOGet 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

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

Receive News & Ratings for EnPro Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnPro Industries and related companies with MarketBeat.com's FREE daily email newsletter.