StockNews.com cut shares of Enpro (NYSE:NPO - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
Other equities analysts have also recently issued research reports about the company. Oppenheimer upped their price target on Enpro from $170.00 to $215.00 and gave the company an "outperform" rating in a report on Monday. KeyCorp upped their target price on Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th.
Get Our Latest Stock Analysis on Enpro
Enpro Stock Performance
NYSE:NPO traded down $11.34 during mid-day trading on Wednesday, hitting $175.86. 195,959 shares of the company's stock traded hands, compared to its average volume of 100,500. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 68.43 and a beta of 1.49. The firm has a 50 day moving average of $169.81 and a two-hundred day moving average of $159.57. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. Enpro has a 12 month low of $136.68 and a 12 month high of $197.94.
Enpro (NYSE:NPO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.87 by ($0.13). Enpro had a return on equity of 9.71% and a net margin of 5.20%. The company had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same period last year, the firm posted $1.58 EPS. The company's revenue was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that Enpro will post 6.89 earnings per share for the current fiscal year.
Enpro Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro's payout ratio is 46.69%.
Insiders Place Their Bets
In other news, CAO Steven R. Bower sold 300 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares of the company's stock, valued at approximately $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.
Institutional Investors Weigh In On Enpro
Large investors have recently bought and sold shares of the business. Synovus Financial Corp increased its position in Enpro by 102.7% in the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock valued at $2,266,000 after acquiring an additional 7,078 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Enpro by 129.7% during the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company's stock worth $4,280,000 after buying an additional 16,600 shares during the last quarter. Belmont Capital LLC acquired a new position in Enpro in the third quarter valued at approximately $565,000. TD Asset Management Inc boosted its stake in Enpro by 24.5% in the second quarter. TD Asset Management Inc now owns 18,662 shares of the industrial products company's stock valued at $2,717,000 after acquiring an additional 3,674 shares during the last quarter. Finally, Harvey Partners LLC grew its holdings in Enpro by 1.9% during the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company's stock worth $34,463,000 after acquiring an additional 4,000 shares during the period. 98.31% of the stock is currently owned by institutional investors.
About Enpro
(
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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.
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