EnPro Industries, Inc. (NYSE:NPO) – Gabelli dropped their FY2020 EPS estimates for EnPro Industries in a report released on Wednesday, July 31st, according to Zacks Investment Research. Gabelli analyst J. Bergner now anticipates that the industrial products company will post earnings per share of $4.70 for the year, down from their prior forecast of $4.80. Gabelli also issued estimates for EnPro Industries’ FY2021 earnings at $5.05 EPS and FY2022 earnings at $5.50 EPS.
Several other brokerages also recently commented on NPO. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b” rating in a report on Thursday, May 2nd. Zacks Investment Research raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, ValuEngine downgraded shares of EnPro Industries from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $81.00.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Monday, July 29th. The industrial products company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.32. EnPro Industries had a net margin of 2.58% and a return on equity of 10.45%. The business had revenue of $387.00 million for the quarter, compared to analyst estimates of $389.77 million. During the same period last year, the business posted $0.75 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, September 3rd. EnPro Industries’s payout ratio is 25.58%.
In other EnPro Industries news, Director Stephen E. Macadam sold 11,261 shares of EnPro Industries stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $67.26, for a total value of $757,414.86. Following the completion of the sale, the director now owns 227,388 shares in the company, valued at approximately $15,294,116.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steven R. Bower acquired 1,700 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $63.92 per share, with a total value of $108,664.00. Following the purchase, the senior vice president now directly owns 3,190 shares in the company, valued at $203,904.80. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan acquired a new stake in EnPro Industries in the 4th quarter worth about $494,000. Northern Trust Corp raised its stake in EnPro Industries by 2.5% in the 4th quarter. Northern Trust Corp now owns 311,319 shares of the industrial products company’s stock worth $18,710,000 after purchasing an additional 7,459 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in EnPro Industries by 50.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 1,000 shares in the last quarter. American Century Companies Inc. raised its stake in EnPro Industries by 6.7% in the 4th quarter. American Century Companies Inc. now owns 598,674 shares of the industrial products company’s stock worth $35,980,000 after purchasing an additional 37,655 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in EnPro Industries by 32.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,756 shares of the industrial products company’s stock worth $1,548,000 after purchasing an additional 6,343 shares in the last quarter. Institutional investors and hedge funds own 95.09% of the company’s stock.
EnPro Industries Company Profile
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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