Enpro (NYSE:NPO) Price Target Cut to $190.00 by Analysts at KeyCorp

Enpro (NYSE:NPO - Free Report) had its price target decreased by KeyCorp from $230.00 to $190.00 in a research note issued to investors on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the industrial products company's stock.

Other research analysts have also recently issued reports about the company. Oppenheimer upped their price target on Enpro from $170.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. StockNews.com lowered Enpro from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th.

Enpro Trading Up 0.9 %

Shares of NYSE NPO traded up $1.35 during mid-day trading on Tuesday, reaching $147.17. 87,637 shares of the company's stock were exchanged, compared to its average volume of 108,874. The company's 50-day moving average is $175.30 and its 200-day moving average is $172.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 42.54 and a beta of 1.46. Enpro has a 52-week low of $133.50 and a 52-week high of $214.58.

Remove Ads

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

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Enpro's previous quarterly dividend of $0.30. Enpro's dividend payout ratio (DPR) is currently 35.84%.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Enpro

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pitcairn Co. lifted its position in Enpro by 2.0% in the fourth quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock valued at $675,000 after acquiring an additional 78 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Enpro by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock worth $1,310,000 after purchasing an additional 84 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Enpro by 5.8% in the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 86 shares during the period. Heritage Family Offices LLP grew its stake in Enpro by 4.7% during the 4th quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company's stock worth $334,000 after buying an additional 87 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its position in Enpro by 5.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company's stock worth $379,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 98.31% of the company's stock.

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.