Enpro (NYSE:NPO) Reaches New 1-Year High – Still a Buy?

Enpro Inc. (NYSE:NPO)’s stock price reached 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 shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Enpro Price Performance

The stock has a 50-day moving average of $157.81 and a two-hundred day moving average of $154.08. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 67.84 and a beta of 1.41. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43.

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

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.67%. Enpro’s dividend payout ratio is presently 46.69%.

Insider Buying and Selling at Enpro

In related news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction on Thursday, November 14th. The stock was 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 approximately $21,125. This trade represents a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Enpro

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Enpro by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock valued at $180,865,000 after acquiring an additional 7,992 shares in the last quarter. FMR LLC raised its holdings in shares of Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock valued at $201,385,000 after purchasing an additional 11,643 shares in the last quarter. State Street Corp lifted its stake in shares of Enpro by 1.1% in the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock valued at $130,972,000 after purchasing an additional 9,127 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $78,545,000 after purchasing an additional 5,502 shares in the last quarter. Finally, Congress Asset Management Co. increased its position in Enpro by 4.2% during the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after buying an additional 12,316 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.