Comerica Bank Sells 1,789 Shares of EnPro Industries, Inc. (NYSE:NPO)

Comerica Bank lessened its stake in EnPro Industries, Inc. (NYSE:NPOGet Rating) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,119 shares of the industrial products company’s stock after selling 1,789 shares during the period. Comerica Bank’s holdings in EnPro Industries were worth $1,527,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NPO. Capital International Investors lifted its stake in shares of EnPro Industries by 63.6% in the 1st quarter. Capital International Investors now owns 1,432,727 shares of the industrial products company’s stock valued at $140,020,000 after purchasing an additional 556,751 shares during the period. FMR LLC lifted its stake in shares of EnPro Industries by 30.5% in the 2nd quarter. FMR LLC now owns 625,712 shares of the industrial products company’s stock valued at $51,265,000 after purchasing an additional 146,199 shares during the period. Tributary Capital Management LLC lifted its stake in shares of EnPro Industries by 46.2% in the 2nd quarter. Tributary Capital Management LLC now owns 191,780 shares of the industrial products company’s stock valued at $15,713,000 after purchasing an additional 60,639 shares during the period. Ziegler Capital Management LLC acquired a new position in shares of EnPro Industries in the 3rd quarter valued at about $5,005,000. Finally, Vanguard Group Inc. lifted its stake in shares of EnPro Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 2,238,096 shares of the industrial products company’s stock valued at $218,729,000 after purchasing an additional 35,018 shares during the period. Institutional investors own 93.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NPO. KeyCorp boosted their price objective on EnPro Industries from $122.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. StockNews.com downgraded EnPro Industries from a “buy” rating to a “hold” rating in a research note on Thursday, December 22nd.

EnPro Industries Stock Up 2.1 %

NPO stock opened at $113.73 on Friday. The stock’s 50 day simple moving average is $114.04 and its 200 day simple moving average is $101.37. EnPro Industries, Inc. has a fifty-two week low of $76.14 and a fifty-two week high of $127.67. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.98 and a current ratio of 2.57. The company has a market cap of $2.37 billion, a P/E ratio of 13.27 and a beta of 1.40.

EnPro Industries (NYSE:NPOGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The industrial products company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.54. The business had revenue of $280.10 million for the quarter, compared to the consensus estimate of $266.75 million. EnPro Industries had a return on equity of 11.98% and a net margin of 14.60%. On average, research analysts expect 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. Stockholders of record on Wednesday, November 30th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Tuesday, November 29th. EnPro Industries’s dividend payout ratio (DPR) is presently 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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