Enpro (NYSE:NPO) Reaches New 52-Week High Following Better-Than-Expected Earnings

Enpro Inc. (NYSE:NPO - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $203.93 and last traded at $209.16, with a volume of 10636 shares traded. The stock had previously closed at $195.40.

The industrial products company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business had revenue of $258.40 million during the quarter, compared to analysts' expectations of $250.10 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The business's revenue was up 3.7% compared to the same quarter last year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.24 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Enpro's previous quarterly dividend of $0.30. Enpro's payout ratio is 34.68%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NPO shares. Oppenheimer upped their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a report on Monday, December 16th. KeyCorp upped their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. OFI Invest Asset Management acquired a new position in Enpro in the fourth quarter valued at about $60,000. Canada Pension Plan Investment Board acquired a new position in Enpro in the fourth quarter valued at about $69,000. Blue Trust Inc. lifted its position in Enpro by 357.4% in the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company's stock valued at $85,000 after buying an additional 411 shares during the last quarter. Sterling Capital Management LLC lifted its position in Enpro by 786.6% in the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after buying an additional 527 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Enpro in the third quarter valued at about $99,000. Institutional investors and hedge funds own 98.31% of the company's stock.

Enpro Price Performance

The company has a market cap of $4.21 billion, a price-to-earnings ratio of 57.93 and a beta of 1.49. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The stock's 50-day simple moving average is $179.64 and its 200 day simple moving average is $167.91.

Enpro Company Profile

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, 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; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.