Enpro (NYSE:NPO) Price Target Raised to $220.00 at KeyCorp

Enpro (NYSE:NPO) had its price objective lifted by KeyCorp from $180.00 to $220.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Separately, StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Tuesday.

Enpro Trading Up 0.1 %

NPO opened at $190.72 on Thursday. 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 fifty-two week low of $135.46 and a fifty-two week high of $197.94. The company’s 50 day moving average price is $168.04 and its two-hundred day moving average price is $158.55. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 74.21 and a beta of 1.49.

Enpro (NYSE:NPO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS 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 the consensus estimate of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. As a group, research analysts predict that Enpro will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

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

Insider Activity

In related 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 transaction, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. This trade represents a 69.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Enpro

Institutional investors and hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in Enpro during the 2nd quarter worth approximately $48,000. GAMMA Investing LLC grew its holdings in Enpro by 168.1% during the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock worth $52,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. raised its position in Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after buying an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Enpro during the 3rd quarter valued at $99,000. Finally, KBC Group NV boosted its holdings in Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds 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.