Enpro Inc. (NPO) to Issue Quarterly Dividend of $0.30 on December 18th

Enpro Inc. (NYSE:NPO) declared a quarterly dividend on Thursday, October 31st,RTT News reports. Investors of record on Wednesday, December 4th will be given a dividend of 0.30 per share by the industrial products company on Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, December 4th.

Enpro has increased its dividend payment by an average of 3.7% per year over the last three years. Enpro has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enpro to earn $7.42 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 16.2%.

Enpro Stock Up 0.6 %

Shares of Enpro stock opened at $189.10 on Monday. The stock’s 50-day moving average is $162.08 and its 200 day moving average is $155.92. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 73.58 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. Enpro has a one year low of $127.40 and a one year high of $191.07.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Enpro news, CAO Steven R. Bower sold 300 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the transaction, the chief accounting officer now owns 130 shares in the company, valued at approximately $21,125. This 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 can be accessed through this link. 1.60% of the stock is owned by insiders.

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.