Raymond James & Associates cut its holdings in EnPro Industries, Inc. (NYSE:NPO – Get 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
EnPro Industries (NYSE:NPO – Get 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
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.
- Get a free copy of the StockNews.com research report on EnPro Industries (NPO)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for EnPro Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnPro Industries and related companies with MarketBeat.com's FREE daily email newsletter.