Great Lakes Advisors LLC lessened its stake in shares of EnPro Industries, Inc. (NYSE:NPO – Free Report) by 35.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 71,926 shares of the industrial products company’s stock after selling 38,953 shares during the quarter. Great Lakes Advisors LLC’s holdings in EnPro Industries were worth $9,604,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in EnPro Industries by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 228,417 shares of the industrial products company’s stock worth $30,501,000 after buying an additional 2,786 shares during the period. Citigroup Inc. increased its holdings in shares of EnPro Industries by 60.5% in the 2nd quarter. Citigroup Inc. now owns 15,108 shares of the industrial products company’s stock valued at $2,017,000 after purchasing an additional 5,696 shares during the period. TD Asset Management Inc increased its holdings in shares of EnPro Industries by 2.8% in the 2nd quarter. TD Asset Management Inc now owns 14,600 shares of the industrial products company’s stock valued at $1,950,000 after purchasing an additional 400 shares during the period. Swiss National Bank increased its holdings in shares of EnPro Industries by 1.4% in the 2nd quarter. Swiss National Bank now owns 43,200 shares of the industrial products company’s stock valued at $5,768,000 after purchasing an additional 600 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of EnPro Industries by 7.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,600 shares of the industrial products company’s stock valued at $3,151,000 after purchasing an additional 1,573 shares during the period. Institutional investors and hedge funds own 95.94% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. TheStreet downgraded EnPro Industries from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. StockNews.com assumed coverage on EnPro Industries in a report on Thursday, October 5th. They issued a “hold” rating on the stock.
EnPro Industries Trading Up 1.0 %
Shares of NYSE NPO opened at $125.30 on Friday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 16.93 and a beta of 1.51. The business has a 50 day simple moving average of $121.42 and a 200 day simple moving average of $122.77. EnPro Industries, Inc. has a 52 week low of $91.74 and a 52 week high of $144.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.51 and a current ratio of 3.26.
EnPro Industries (NYSE:NPO – Get Free Report) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. The business had revenue of $250.70 million during the quarter, compared to analysts’ expectations of $272.67 million. EnPro Industries had a return on equity of 10.10% and a net margin of 14.24%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 EPS. On average, research analysts predict that EnPro Industries, Inc. will post 6.82 earnings per share for the current fiscal year.
EnPro Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 0.93%. EnPro Industries’s payout ratio is 15.68%.
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.
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