Enpro (NYSE:NPO) Reaches New 12-Month High – Should You Buy?

Shares of Enpro Inc. (NYSE:NPO) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $176.16 and last traded at $175.89, with a volume of 8388 shares. The stock had previously closed at $174.34.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Enpro Stock Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. The company has a market capitalization of $3.87 billion, a PE ratio of 71.68 and a beta of 1.41. The firm’s fifty day simple moving average is $158.44 and its 200 day simple moving average is $154.26.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. During the same period in the previous year, the company posted $1.58 earnings per share. Enpro’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, research analysts predict that Enpro Inc. will post 6.89 EPS for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s payout ratio is currently 46.69%.

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 300 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the sale, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at $21,125. This represents a 69.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Enpro by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company’s stock worth $78,545,000 after purchasing an additional 5,502 shares during the last quarter. Barclays PLC raised its position in shares of Enpro by 115.6% during the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock worth $9,845,000 after purchasing an additional 32,544 shares during the last quarter. State Street Corp raised its position in shares of Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock worth $130,972,000 after purchasing an additional 9,127 shares during the last quarter. Stifel Financial Corp raised its position in shares of Enpro by 10.6% during the 3rd quarter. Stifel Financial Corp now owns 10,414 shares of the industrial products company’s stock worth $1,689,000 after purchasing an additional 995 shares during the last quarter. Finally, Harvey Partners LLC raised its position in shares of Enpro by 1.9% during the 3rd quarter. Harvey Partners LLC now owns 212,500 shares of the industrial products company’s stock worth $34,463,000 after purchasing an additional 4,000 shares during 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.