StockNews.com Upgrades Enpro (NYSE:NPO) to Buy

StockNews.com upgraded shares of Enpro (NYSE:NPO) from a hold rating to a buy rating in a report issued on Tuesday.

Enpro Trading Up 0.1 %

Shares of NYSE NPO opened at $190.72 on Tuesday. Enpro has a fifty-two week low of $135.46 and a fifty-two week high of $197.94. The firm has a market capitalization of $4.00 billion, a P/E ratio of 74.21 and a beta of 1.49. 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’s 50 day simple moving average is $168.04 and its 200 day simple moving average is $158.55.

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

Enpro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. Enpro’s dividend payout ratio is 46.69%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Enpro

Large investors have recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in Enpro by 102.7% in the 3rd quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock valued at $2,266,000 after buying an additional 7,078 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Enpro during the 3rd quarter worth approximately $99,000. Sanctuary Advisors LLC raised its holdings in shares of Enpro by 10.6% in the third quarter. Sanctuary Advisors LLC now owns 1,494 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 143 shares during the last quarter. Geode Capital Management LLC grew its position in Enpro by 1.1% in the third quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company’s stock valued at $78,545,000 after purchasing an additional 5,502 shares in the last quarter. Finally, Barclays PLC increased its stake in Enpro by 115.6% in the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after buying an additional 32,544 shares during the last quarter. 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.