Raymond James & Associates Has $3.02 Million Holdings in EnPro Industries, Inc. (NYSE:NPO)

Raymond James & Associates cut its holdings in EnPro Industries, Inc. (NYSE:NPOGet Rating) by 19.2% during the third quarter, Holdings Channel.com reports. The firm owned 35,561 shares of the industrial products company’s stock after selling 8,461 shares during the quarter. Raymond James & Associates’ holdings in EnPro Industries were worth $3,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of EnPro Industries in the second quarter valued at approximately $28,000. First Horizon Advisors Inc. acquired a new stake in shares of EnPro Industries in the second quarter valued at approximately $37,000. UMB Bank n.a. increased its holdings in EnPro Industries by 82.6% during the second 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 last quarter. Point72 Hong Kong Ltd acquired a new position in EnPro Industries during the second quarter worth $63,000. Finally, KBC Group NV increased its holdings in EnPro Industries by 96.5% during the second 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 last quarter. 93.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. KeyCorp boosted their target price on shares of EnPro Industries from $122.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, November 3rd. StockNews.com downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a report on Thursday, December 22nd.

EnPro Industries Price Performance

Shares of NPO opened at $113.73 on Friday. EnPro Industries, Inc. has a 1-year low of $76.14 and a 1-year high of $127.67. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 13.27 and a beta of 1.40. The company’s fifty day simple moving average is $114.04 and its 200 day simple moving average is $101.21. The company has a current ratio of 2.57, a quick ratio of 1.98 and a debt-to-equity ratio of 0.68.

EnPro Industries (NYSE:NPOGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $1.91 EPS for the quarter, beating 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 firm had revenue of $280.10 million for the quarter, compared to the consensus estimate of $266.75 million. On average, research analysts forecast that EnPro Industries, Inc. will post 6.81 earnings per share for the current fiscal year.

EnPro Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 30th were issued a $0.28 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. EnPro Industries’s dividend payout ratio is currently 13.07%.

EnPro Industries Company Profile

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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

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

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