Enpro (NYSE:NPO) Upgraded to Strong-Buy at Sidoti

Sidoti upgraded shares of Enpro (NYSE:NPO - Free Report) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Separately, KeyCorp cut their price target on Enpro from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th.

Enpro Price Performance

Enpro stock traded up $1.11 during mid-day trading on Wednesday, reaching $152.05. 79,135 shares of the company were exchanged, compared to its average volume of 110,589. The company has a fifty day simple moving average of $163.89 and a 200-day simple moving average of $170.96. The firm has a market cap of $3.20 billion, a PE ratio of 43.95 and a beta of 1.46. Enpro has a 12 month low of $133.50 and a 12 month high of $214.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.00.

Enpro (NYSE:NPO - Get Free Report) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 EPS. As a group, equities research analysts expect that Enpro will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.31 dividend. This is a positive change from Enpro's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, March 5th. Enpro's payout ratio is currently 35.84%.

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 997 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Enpro

Institutional investors have recently modified their holdings of the company. Synovus Financial Corp grew its holdings in Enpro by 102.7% during the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company's stock worth $2,266,000 after buying an additional 7,078 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Enpro by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company's stock valued at $17,235,000 after purchasing an additional 4,123 shares during the last quarter. Sei Investments Co. increased its position in shares of 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 purchasing an additional 1,788 shares during the last quarter. Principal Financial Group Inc. boosted its position in Enpro by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 101,873 shares of the industrial products company's stock worth $17,568,000 after purchasing an additional 2,949 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of Enpro by 1.5% in the fourth quarter. Congress Asset Management Co. now owns 313,759 shares of the industrial products company's stock valued at $54,108,000 after purchasing an additional 4,717 shares during the period. 98.31% of the stock is 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.