Chartwell Investment Partners LLC Raises Stock Position in EnPro Industries, Inc. (NYSE:NPO)

Chartwell Investment Partners LLC grew its stake in EnPro Industries, Inc. (NYSE:NPO) by 3.9% during the 2nd quarter, Holdings Channel reports. The firm owned 113,011 shares of the industrial products company’s stock after purchasing an additional 4,192 shares during the quarter. Chartwell Investment Partners LLC’s holdings in EnPro Industries were worth $5,570,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Group AG raised its stake in EnPro Industries by 33.4% in the 4th quarter. UBS Group AG now owns 27,640 shares of the industrial products company’s stock valued at $1,848,000 after purchasing an additional 6,919 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of EnPro Industries by 3.5% in the fourth quarter. Mason Street Advisors LLC now owns 7,239 shares of the industrial products company’s stock valued at $484,000 after buying an additional 247 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of EnPro Industries by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 268,235 shares of the industrial products company’s stock worth $17,939,000 after buying an additional 8,256 shares in the last quarter. Norges Bank acquired a new position in EnPro Industries during the fourth quarter worth about $31,901,000. Finally, State of Alaska Department of Revenue grew its stake in EnPro Industries by 22.8% during the 1st quarter. State of Alaska Department of Revenue now owns 19,273 shares of the industrial products company’s stock valued at $762,000 after acquiring an additional 3,575 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Shares of NPO stock opened at $47.73 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.78 and a quick ratio of 2.23. The firm’s 50-day moving average is $46.98 and its two-hundred day moving average is $48.70. EnPro Industries, Inc. has a 12 month low of $30.04 and a 12 month high of $73.53. The company has a market capitalization of $979.18 million, a PE ratio of 4.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.67.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.22. The business had revenue of $282.70 million during the quarter, compared to analysts’ expectations of $307.90 million. EnPro Industries had a net margin of 18.35% and a return on equity of 8.13%. Sell-side analysts forecast that EnPro Industries, Inc. will post 1.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.04 annualized dividend and a yield of 2.18%. EnPro Industries’s payout ratio is 38.81%.

A number of research analysts have weighed in on the stock. Sidoti raised their target price on shares of EnPro Industries from $56.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Zacks Investment Research cut EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Finally, Oppenheimer reissued a “buy” rating and set a $65.00 price objective on shares of EnPro Industries in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. EnPro Industries currently has a consensus rating of “Hold” and an average price target of $57.00.

About EnPro Industries

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.

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Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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