Enpro (NYSE:NPO) Reaches New 1-Year High - What's Next?

Enpro Inc. (NYSE:NPO - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $191.07 and last traded at $189.48, with a volume of 6981 shares traded. The stock had previously closed at $188.02.

Analyst Ratings Changes

Separately, StockNews.com lowered Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th.

Enpro Stock Up 0.6 %

The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 73.58 and a beta of 1.41. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The business's 50-day moving average is $162.08 and its two-hundred day moving average is $155.87.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). The business had revenue of $260.90 million for the quarter, compared to analysts' expectations of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm's revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 EPS. Equities analysts anticipate that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Announces Dividend

The business also recently declared 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 dividend yield of 0.63%. Enpro's dividend payout ratio is presently 46.69%.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 300 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Enpro

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. F M Investments LLC acquired a new stake in Enpro during the second quarter worth $14,315,000. Barclays PLC increased its stake in Enpro by 115.6% during the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock worth $9,845,000 after acquiring an additional 32,544 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Enpro by 129.7% in the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company's stock valued at $4,280,000 after buying an additional 16,600 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of Enpro by 4.2% in the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company's stock valued at $50,120,000 after buying an additional 12,316 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Enpro by 80.7% in the third quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company's stock valued at $4,278,000 after buying an additional 11,785 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

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.