Envestnet Asset Management Inc. boosted its stake in EnPro Industries, Inc. (NYSE:NPO – Free Report) by 7.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 43,531 shares of the industrial products company’s stock after buying an additional 3,191 shares during the period. Envestnet Asset Management Inc.’s holdings in EnPro Industries were worth $5,813,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Advisor Group Holdings Inc. boosted its stake in EnPro Industries by 87.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,349 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 1,099 shares in the last quarter. Raymond James & Associates boosted its stake in EnPro Industries by 1.8% in the first quarter. Raymond James & Associates now owns 43,294 shares of the industrial products company’s stock worth $4,231,000 after purchasing an additional 767 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in EnPro Industries by 148.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,876 shares of the industrial products company’s stock worth $477,000 after purchasing an additional 2,916 shares in the last quarter. MetLife Investment Management LLC boosted its stake in EnPro Industries by 58.0% in the first quarter. MetLife Investment Management LLC now owns 10,795 shares of the industrial products company’s stock worth $1,055,000 after purchasing an additional 3,962 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in EnPro Industries by 1.3% in the first quarter. Rhumbline Advisers now owns 60,837 shares of the industrial products company’s stock worth $5,946,000 after purchasing an additional 774 shares in the last quarter. Institutional investors and hedge funds own 95.94% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. StockNews.com assumed coverage on EnPro Industries in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet downgraded EnPro Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th.
EnPro Industries Trading Up 1.0 %
NPO stock opened at $125.30 on Friday. The company has a market cap of $2.62 billion, a P/E ratio of 16.93 and a beta of 1.51. EnPro Industries, Inc. has a twelve month low of $91.74 and a twelve month high of $144.86. The company has a quick ratio of 2.51, a current ratio of 3.26 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $121.42 and a 200-day moving average of $122.77.
EnPro Industries (NYSE:NPO – Get Free Report) last released its earnings results on Tuesday, October 31st. The industrial products company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The company had revenue of $250.70 million during the quarter, compared to the consensus estimate of $272.67 million. EnPro Industries had a return on equity of 10.10% and a net margin of 14.24%. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.91 earnings per share. As a group, equities research analysts expect that EnPro Industries, Inc. will post 6.82 EPS for the current year.
EnPro Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 0.93%. EnPro Industries’s dividend payout ratio is presently 15.68%.
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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