Steven R. Bower Sells 2,400 Shares of EnPro Industries, Inc. (NYSE:NPO) Stock

EnPro Industries, Inc. (NYSE:NPO – Get Rating) CAO Steven R. Bower sold 2,400 shares of EnPro Industries stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $109.78, for a total transaction of $263,472.00. Following the completion of the transaction, the chief accounting officer now owns 3,440 shares in the company, valued at approximately $377,643.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

EnPro Industries Stock Performance

Shares of NPO stock opened at $110.73 on Friday. The company’s fifty day simple moving average is $114.21 and its 200-day simple moving average is $106.46. EnPro Industries, Inc. has a 52 week low of $76.14 and a 52 week high of $127.67. The company has a current ratio of 3.23, a quick ratio of 2.52 and a debt-to-equity ratio of 0.56. The company has a market cap of $2.30 billion, a PE ratio of 11.35 and a beta of 1.43.

EnPro Industries (NYSE:NPO – Get Rating) last issued its earnings results on Tuesday, February 21st. The industrial products company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.22. EnPro Industries had a net margin of 16.74% and a return on equity of 12.09%. The business had revenue of $271.90 million for the quarter, compared to the consensus estimate of $255.43 million. During the same quarter last year, the firm posted $1.23 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that EnPro Industries, Inc. will post 6.81 EPS for the current year.

EnPro Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.29 per share. This is an increase from EnPro Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $1.16 annualized dividend and a yield of 1.05%. EnPro Industries’s payout ratio is 11.89%.

Institutional Investors Weigh In On EnPro Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NPO. Advisor Group Holdings Inc. increased its stake in EnPro Industries by 87.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,349 shares of the industrial products company’s stock worth $309,000 after buying an additional 1,099 shares during the period. Raymond James & Associates increased its stake in EnPro Industries by 1.8% during the 1st quarter. Raymond James & Associates now owns 43,294 shares of the industrial products company’s stock worth $4,231,000 after buying an additional 767 shares during the period. PNC Financial Services Group Inc. increased its stake in EnPro Industries by 148.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,876 shares of the industrial products company’s stock worth $477,000 after buying an additional 2,916 shares during the period. MetLife Investment Management LLC increased its stake in EnPro Industries by 58.0% during the 1st quarter. MetLife Investment Management LLC now owns 10,795 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 3,962 shares during the period. Finally, Rhumbline Advisers increased its stake in EnPro Industries by 1.3% during the 1st quarter. Rhumbline Advisers now owns 60,837 shares of the industrial products company’s stock worth $5,946,000 after buying an additional 774 shares during the period. Hedge funds and other institutional investors own 93.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on NPO shares. TheStreet lowered shares of EnPro Industries from a “b” rating to a “c+” rating in a report on Tuesday, February 21st. KeyCorp raised their target price on shares of EnPro Industries from $122.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. Finally, StockNews.com raised shares of EnPro Industries from a “hold” rating to a “buy” rating in a research note on Tuesday.

EnPro Industries Company Profile

(Get Rating)

EnPro Industries, Inc engages in the design, development, manufacturing, and marketing of proprietary engineered industrial products. It operates through the following segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment designs, manufactures, and sells sealing products including metallic, non-metallic, and composite material gaskets.