Enpro (NYSE:NPO) Given New $215.00 Price Target at Oppenheimer

Enpro (NYSE:NPO - Free Report) had its price target raised by Oppenheimer from $170.00 to $215.00 in a research note published on Monday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the industrial products company's stock.

Several other analysts have also recently commented on the stock. KeyCorp increased their price target on shares of Enpro from $180.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday. StockNews.com raised Enpro from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th.

Enpro Price Performance

Shares of Enpro stock traded up $1.97 during mid-day trading on Monday, reaching $191.28. 94,595 shares of the stock were exchanged, compared to its average volume of 100,093. Enpro has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 74.43 and a beta of 1.49. The firm has a 50-day simple moving average of $169.28 and a 200 day simple moving average of $159.33. 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 (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.13). The firm had revenue of $260.90 million for the quarter, compared to analyst estimates of $264.47 million. Enpro had a return on equity of 9.71% and a net margin of 5.20%. The business's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. On average, sell-side analysts predict that Enpro will post 6.89 EPS for the current fiscal year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.63%. Enpro's dividend payout ratio is currently 46.69%.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 300 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now owns 130 shares in the company, valued at approximately $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

Institutional Trading of Enpro

Hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its stake in Enpro by 3.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company's stock valued at $466,000 after purchasing an additional 104 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Enpro by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company's stock worth $1,528,000 after buying an additional 100 shares during the period. Argent Capital Management LLC lifted its holdings in Enpro by 61.1% during the second quarter. Argent Capital Management LLC now owns 2,500 shares of the industrial products company's stock worth $364,000 after acquiring an additional 948 shares in the last quarter. Tributary Capital Management LLC grew its stake in Enpro by 0.6% in the second quarter. Tributary Capital Management LLC now owns 184,359 shares of the industrial products company's stock valued at $26,837,000 after acquiring an additional 1,077 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Enpro by 4.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,339 shares of the industrial products company's stock worth $632,000 after acquiring an additional 186 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

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.