Enpro (NYSE:NPO) Reaches New 1-Year High at $167.39

Enpro Inc. (NYSE:NPO)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $167.39 and last traded at $167.35, with a volume of 6733 shares. The stock had previously closed at $167.05.

Analysts Set New Price Targets

Separately, TheStreet raised Enpro from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

Enpro Price Performance

The company’s 50-day simple moving average is $157.11 and its 200-day simple moving average is $140.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.59 and a current ratio of 3.31. The company has a market capitalization of $3.53 billion, a PE ratio of 158.94 and a beta of 1.54.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.28). Enpro had a net margin of 2.10% and a return on equity of 9.67%. The company had revenue of $241.90 million for the quarter, compared to analysts’ expectations of $264.10 million. During the same period in the prior year, the company earned $1.47 earnings per share. The firm’s revenue was down 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Enpro Inc. will post 7.43 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, March 5th. This is a positive change from Enpro’s previous quarterly dividend of $0.29. Enpro’s dividend payout ratio is currently 113.21%.

Insider Buying and Selling at Enpro

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Robert Savage Mclean sold 6,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the sale, the chief accounting officer now owns 28,961 shares in the company, valued at $4,585,105.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enpro

Several hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. increased its stake in Enpro by 87.9% during the first quarter. Advisor Group Holdings Inc. now owns 2,349 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 1,099 shares during the last quarter. Raymond James & Associates raised its holdings in Enpro by 1.8% in the first quarter. Raymond James & Associates now owns 43,294 shares of the industrial products company’s stock valued at $4,231,000 after buying an additional 767 shares during the period. PNC Financial Services Group Inc. raised its holdings in Enpro by 148.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,876 shares of the industrial products company’s stock valued at $477,000 after buying an additional 2,916 shares during the period. MetLife Investment Management LLC grew its stake in Enpro by 58.0% during the first quarter. MetLife Investment Management LLC now owns 10,795 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 3,962 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Enpro by 1.3% in the first quarter. Rhumbline Advisers now owns 60,837 shares of the industrial products company’s stock worth $5,946,000 after acquiring an additional 774 shares in the last quarter. 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.