Prudent Man Advisors LLC purchased a new position in shares of EnPro Industries, Inc. (NYSE:NPO – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,875 shares of the industrial products company’s stock, valued at approximately $250,000.
Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its position in EnPro Industries by 0.5% in the first quarter. BlackRock Inc. now owns 3,313,367 shares of the industrial products company’s stock valued at $323,814,000 after purchasing an additional 17,170 shares during the period. Vanguard Group Inc. raised its holdings in shares of EnPro Industries by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,300,428 shares of the industrial products company’s stock valued at $195,491,000 after buying an additional 30,890 shares during the period. Capital International Investors lifted its position in EnPro Industries by 63.6% during the 1st quarter. Capital International Investors now owns 1,432,727 shares of the industrial products company’s stock worth $140,020,000 after acquiring an additional 556,751 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in EnPro Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,318,716 shares of the industrial products company’s stock worth $137,000,000 after acquiring an additional 33,369 shares in the last quarter. Finally, State Street Corp lifted its position in EnPro Industries by 0.5% during the 3rd quarter. State Street Corp now owns 753,817 shares of the industrial products company’s stock worth $64,059,000 after acquiring an additional 3,461 shares in the last quarter. 95.94% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. StockNews.com assumed coverage on EnPro Industries in a research report on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet lowered EnPro Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th.
EnPro Industries Stock Up 0.5 %
EnPro Industries stock traded up $0.60 during midday trading on Monday, hitting $125.90. 6,412 shares of the company were exchanged, compared to its average volume of 99,761. The company’s fifty day moving average price is $121.42 and its 200-day moving average price is $122.93. EnPro Industries, Inc. has a fifty-two week low of $91.74 and a fifty-two week high of $144.86. The company has a market cap of $2.63 billion, a PE ratio of 16.93 and a beta of 1.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.26 and a quick ratio of 2.51.
EnPro Industries (NYSE:NPO – Get Free Report) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. EnPro Industries had a return on equity of 10.10% and a net margin of 14.24%. The company had revenue of $250.70 million for the quarter, compared to analyst estimates of $272.67 million. During the same period in the prior year, the company posted $1.91 EPS. EnPro Industries’s quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts predict that EnPro Industries, Inc. will post 6.82 EPS for the current fiscal year.
EnPro Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, November 28th. 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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