Enpro (NYSE:NPO) Sets New 52-Week Low - Should You Sell?

Enpro Inc. (NYSE:NPO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $134.96 and last traded at $141.06, with a volume of 26993 shares trading hands. The stock had previously closed at $148.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com cut Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th. KeyCorp dropped their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Oppenheimer raised their price target on shares of Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th.

Enpro Price Performance

The stock has a market cap of $3.27 billion, a P/E ratio of 44.97 and a beta of 1.46. 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 business's 50-day simple moving average is $176.81 and its two-hundred day simple moving average is $172.29.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $250.10 million. During the same period in the previous year, the business earned $1.19 EPS. The business's revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts expect that Enpro Inc. will post 7.38 EPS for the current year.

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Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This is a positive change from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 0.80%. Enpro's payout ratio is 35.84%.

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Synovus Financial Corp grew its holdings in shares of Enpro by 102.7% during the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock valued at $2,266,000 after purchasing an additional 7,078 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Enpro by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock worth $17,235,000 after buying an additional 4,123 shares during the period. Stifel Financial Corp lifted its stake in shares of Enpro by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company's stock valued at $1,689,000 after acquiring an additional 995 shares during the last quarter. Sei Investments Co. boosted its holdings in Enpro by 4.2% during the 4th quarter. Sei Investments Co. now owns 44,440 shares of the industrial products company's stock valued at $7,663,000 after acquiring an additional 1,788 shares during the period. Finally, Principal Financial Group Inc. grew its position in Enpro by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after acquiring an additional 2,949 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

About Enpro

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.