KeyCorp Has Lowered Expectations for Enpro (NYSE:NPO) Stock Price

Enpro (NYSE:NPO) had its price target dropped by equities researchers at KeyCorp from $230.00 to $190.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s target price indicates a potential upside of 22.12% from the stock’s previous close.

Several other analysts also recently weighed in on NPO. StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Oppenheimer upped their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th.

Enpro Price Performance

NYSE:NPO opened at $155.59 on Tuesday. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 44.97 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00. The business has a 50 day simple moving average of $176.81 and a 200-day simple moving average of $172.29. Enpro has a 1 year low of $133.50 and a 1 year high of $214.58.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. During the same period in the previous year, the firm earned $1.19 earnings per share. Enpro’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that Enpro will post 7.38 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enpro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors raised its holdings in Enpro by 6.8% in the 4th quarter. Capital International Investors now owns 964,470 shares of the industrial products company’s stock worth $166,323,000 after purchasing an additional 60,998 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Enpro by 4.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 950,690 shares of the industrial products company’s stock valued at $163,947,000 after buying an additional 36,501 shares in the last quarter. State Street Corp grew its stake in Enpro by 1.1% in the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock valued at $130,972,000 after acquiring an additional 9,127 shares during the period. Invesco Ltd. increased its holdings in Enpro by 1.1% in the 4th quarter. Invesco Ltd. now owns 717,456 shares of the industrial products company’s stock worth $123,725,000 after acquiring an additional 7,911 shares in the last quarter. Finally, Capital World Investors purchased a new position in Enpro during the fourth quarter valued at $108,825,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Enpro Company Profile

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, 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; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.