Public Employees Retirement System of Ohio increased its stake in EnPro Industries (NYSE:NPO) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,483 shares of the industrial products company’s stock after buying an additional 71 shares during the period. Public Employees Retirement System of Ohio’s holdings in EnPro Industries were worth $106,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of EnPro Industries by 126,215.4% in the first quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock valued at $185,076,000 after buying an additional 2,598,776 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of EnPro Industries during the first quarter worth approximately $13,901,000. Norges Bank acquired a new stake in shares of EnPro Industries during the fourth quarter worth approximately $9,859,000. Sound Point Capital Management LP increased its stake in shares of EnPro Industries by 68.4% in the first quarter. Sound Point Capital Management LP now owns 331,524 shares of the industrial products company’s stock worth $23,591,000 after buying an additional 134,681 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of EnPro Industries by 81.5% in the first quarter. Gamco Investors INC. ET AL now owns 210,200 shares of the industrial products company’s stock worth $14,958,000 after buying an additional 94,400 shares during the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.
EnPro Industries (NYSE NPO) traded down 0.77% during mid-day trading on Thursday, reaching $70.79. The company’s stock had a trading volume of 4,331 shares. The company has a 50-day moving average price of $73.09 and a 200-day moving average price of $69.10. The firm has a market cap of $1.51 billion, a PE ratio of 82.89 and a beta of 1.10. EnPro Industries has a 12-month low of $51.54 and a 12-month high of $77.65.
EnPro Industries (NYSE:NPO) last announced its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.35. The company had revenue of $347 million for the quarter, compared to analysts’ expectations of $347.13 million. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. EnPro Industries’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, equities research analysts expect that EnPro Industries will post $2.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.23%. EnPro Industries’s dividend payout ratio is presently 103.53%.
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A number of analysts recently commented on NPO shares. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research raised EnPro Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. FBR & Co reaffirmed an “outperform” rating on shares of EnPro Industries in a research report on Tuesday, July 11th. Finally, TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $78.50.
In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total transaction of $156,095.16. Following the completion of the sale, the insider now directly owns 9,000 shares in the company, valued at approximately $654,030. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stephen E. Macadam sold 26,318 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the sale, the insider now owns 245,765 shares of the company’s stock, valued at $18,206,271.20. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
EnPro Industries Company Profile
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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