Vanguard Group Inc. increased its stake in shares of EnPro Industries (NYSE:NPO) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,902,748 shares of the industrial products company’s stock after buying an additional 85,493 shares during the period. Vanguard Group Inc. owned approximately 8.97% of EnPro Industries worth $135,399,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NPO. Macquarie Group Ltd. increased its position in EnPro Industries by 0.5% in the fourth quarter. Macquarie Group Ltd. now owns 458,045 shares of the industrial products company’s stock valued at $30,854,000 after buying an additional 2,055 shares during the period. Peregrine Capital Management LLC increased its position in EnPro Industries by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 426,095 shares of the industrial products company’s stock valued at $28,063,000 after buying an additional 29,226 shares during the period. American Century Companies Inc. increased its position in EnPro Industries by 0.8% in the first quarter. American Century Companies Inc. now owns 388,358 shares of the industrial products company’s stock valued at $27,636,000 after buying an additional 3,243 shares during the period. Bank of New York Mellon Corp increased its position in EnPro Industries by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 318,203 shares of the industrial products company’s stock valued at $22,644,000 after buying an additional 14,550 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of EnPro Industries by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 255,006 shares of the industrial products company’s stock valued at $17,177,000 after buying an additional 17,107 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.
Shares of EnPro Industries (NPO) traded up 0.13% during trading on Friday, reaching $69.31. 80,636 shares of the company traded hands. The stock’s 50 day moving average is $72.96 and its 200 day moving average is $69.12. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 81.16 and a beta of 1.10. EnPro Industries has a 1-year low of $52.00 and a 1-year high of $77.65.
EnPro Industries (NYSE:NPO) last released its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.35. The company had revenue of $347 million during the quarter, compared to analyst estimates of $347.13 million. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. On average, analysts forecast that EnPro Industries will post $2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, September 1st. EnPro Industries’s payout ratio is currently 103.53%.
Several equities analysts recently weighed in on NPO shares. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. FBR & Co reiterated an “outperform” rating on shares of EnPro Industries in a report on Tuesday, July 11th. Finally, Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.50.
In related news, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total transaction of $156,095.16. Following the transaction, the insider now owns 9,000 shares of the company’s stock, valued at $654,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen E. Macadam sold 26,318 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $74.08, for a total value of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares in the company, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
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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