Enpro (NYSE:NPO) Upgraded to Buy at StockNews.com

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

A number of other equities research analysts have also recently commented on NPO. Sidoti raised Enpro to a “strong-buy” rating in a research note on Wednesday, April 23rd. KeyCorp dropped their price target on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th.

Enpro Stock Up 0.1%

Shares of NYSE NPO opened at $185.08 on Tuesday. The firm’s fifty day moving average is $161.31 and its 200 day moving average is $173.19. Enpro has a 52 week low of $133.50 and a 52 week high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 53.49 and a beta of 1.51.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.33. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $266.23 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS. On average, equities research analysts expect that Enpro will post 7.38 earnings per share for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. Enpro’s payout ratio is 30.85%.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Enpro

Several institutional investors have recently bought and sold shares of the business. Xponance Inc. increased its position in Enpro by 5.1% during the first quarter. Xponance Inc. now owns 1,570 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 76 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Enpro by 2.0% during the 4th quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company’s stock worth $675,000 after purchasing an additional 78 shares during the period. Vista Finance LLC grew its holdings in Enpro by 7.0% during the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 83 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Enpro by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company’s stock worth $1,310,000 after purchasing an additional 84 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in Enpro by 5.8% in the fourth quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 86 shares during the last quarter. Institutional investors 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.