Qube Research & Technologies Ltd has acquired a new stake in EnPro Industries, Inc. (NYSE: NPO – Get a rating) in the 1st trimester, HoldingsChannel reports. The company purchased 5,939 shares of the industrial products company, valued at around $580,000.
Several other large investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its stake in EnPro Industries by 8.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company worth $138,000 after buying 97 additional shares in the last quarter. Maryland State Retirement & Pension System increased its stake in EnPro Industries by 1.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,214 shares of the industrial products company worth $904,000 after buying 107 more shares last quarter. Comerica Bank increased its stake in EnPro Industries by 0.8% in the first quarter. Comerica Bank now owns 17,768 shares of the industrial products company worth $1,801,000 after buying 143 more shares last quarter. Rhumbline Advisers increased its stake in EnPro Industries by 0.3% during the 4th quarter. Rhumbline Advisers now owns 60,063 shares of the industrial products company worth $6,611,000 after buying 178 more shares last quarter. Finally, KBC Group NV increased its stake in EnPro Industries by 30.0% during the 1st quarter. KBC Group NV now owns 892 shares of the industrial products company worth $87,000 after buying 206 more shares last quarter. 94.26% of the shares are currently held by hedge funds and other institutional investors.
Wall Street analysts predict growth
NPO has been the subject of several recent research reports. KeyCorp raised its target price on EnPro Industries from $115.00 to $122.00 and gave the stock an “overweight” rating in a Wednesday, Aug. 3 report. StockNews.com upgraded EnPro Industries from a “hold” rating to a “buy” rating in a Monday, May 16 report.
EnPro Industries is trading down 1.9%
Shares of Action EnPro Industries opened at $101.85 on Monday. The stock has a market capitalization of $2.12 billion, a P/E ratio of 11.83 and a beta of 1.39. The stock’s 50-day simple moving average is $88.67 and its 200-day simple moving average is $95.82. EnPro Industries, Inc. has a 1-year low of $76.14 and a 1-year high of $117.63. The company has a debt ratio of 0.69, a current ratio of 1.91 and a quick ratio of 1.40.
EnPro Industries (NYSE: NPO – Get a rating) last released its quarterly earnings data on Tuesday, August 2. The industrial products company reported EPS of $2.32 for the quarter, beating consensus analyst estimates of $1.82 by $0.50. EnPro Industries had a return on equity of 11.42% and a net margin of 14.62%. The company posted revenue of $333.30 million for the quarter, compared to $325.57 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $1.56. The company’s quarterly revenue increased 11.6% year over year. Analysts predict EnPro Industries, Inc. will post EPS of 7.24 for the current fiscal year.
EnPro Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14. Investors of record on Wednesday August 31 will receive a dividend of $0.28. This represents a dividend of $1.12 on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, August 30. EnPro Industries’ dividend payout ratio is currently 13.01%.
EnPro Industries Company Profile
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; gaskets of metallic, non-metallic and composite materials; compression packaging products; hydraulic components; expansion joints; wall penetration products; and dynamic, flanged, resilient metal, elastomeric, and custom mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, l mining, water and waste treatment, heavy trucking, aerospace, medical, filtration and semiconductor manufacturing.
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