Bank of Montreal Can Invests $318,000 in EnPro Industries, Inc. (NYSE:NPO)

Bank of Montreal Can purchased a new position in EnPro Industries, Inc. (NYSE:NPO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,360 shares of the industrial products company’s stock, valued at approximately $318,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in EnPro Industries by 0.5% during the 1st quarter. BlackRock Inc. now owns 3,313,367 shares of the industrial products company’s stock worth $323,814,000 after acquiring an additional 17,170 shares in the last quarter. Vanguard Group Inc. grew its holdings in EnPro Industries by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,300,428 shares of the industrial products company’s stock worth $195,491,000 after acquiring an additional 30,890 shares in the last quarter. Capital International Investors grew its holdings in EnPro Industries by 63.6% during the 1st quarter. Capital International Investors now owns 1,432,727 shares of the industrial products company’s stock worth $140,020,000 after acquiring an additional 556,751 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in EnPro Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,318,716 shares of the industrial products company’s stock worth $137,000,000 after acquiring an additional 33,369 shares in the last quarter. Finally, State Street Corp grew its holdings in EnPro Industries by 0.5% during the 3rd quarter. State Street Corp now owns 753,817 shares of the industrial products company’s stock worth $64,059,000 after acquiring an additional 3,461 shares in the last quarter. 95.94% of the stock is currently owned by institutional investors.

EnPro Industries Stock Up 0.9 %

NPO stock opened at $126.38 on Tuesday. The firm has a 50 day moving average of $121.42 and a 200 day moving average of $123.13. The stock has a market capitalization of $2.64 billion, a PE ratio of 17.08 and a beta of 1.51. The company has a quick ratio of 2.51, a current ratio of 3.26 and a debt-to-equity ratio of 0.45. EnPro Industries, Inc. has a 52 week low of $91.74 and a 52 week high of $144.86.

EnPro Industries (NYSE:NPO) last released its earnings results on Tuesday, October 31st. The industrial products company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. EnPro Industries had a net margin of 14.24% and a return on equity of 10.10%. The company had revenue of $250.70 million during the quarter, compared to analysts’ expectations of $272.67 million. During the same period last year, the business earned $1.91 EPS. EnPro Industries’s revenue for the quarter was down 10.5% on a year-over-year basis. Sell-side analysts forecast that EnPro Industries, Inc. will post 6.82 earnings per share for the current year.

EnPro Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, November 28th. EnPro Industries’s payout ratio is 15.68%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NPO. StockNews.com began coverage on shares of EnPro Industries in a research report on Thursday, October 5th. They set a “hold” rating for the company. TheStreet lowered shares of EnPro Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th.

EnPro Industries Profile

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.