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

Enpro (NYSE:NPO) had its price objective raised by KeyCorp from $180.00 to $220.00 in a report released on Thursday morning,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, December 10th.

Enpro Stock Down 0.8 %

Shares of NPO stock opened at $189.31 on Thursday. 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 has a twelve month low of $136.68 and a twelve month high of $197.94. The stock has a 50 day moving average of $168.67 and a 200 day moving average of $158.92. The stock has a market cap of $3.97 billion, a P/E ratio of 73.66 and a beta of 1.49.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. As a group, sell-side analysts expect that Enpro will post 6.89 EPS for the current year.

Enpro Dividend Announcement

The firm also recently announced 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 (DPR) is 46.69%.

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 shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at $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 SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NPO. F M Investments LLC acquired a new stake in shares of Enpro in the second quarter worth approximately $14,315,000. Barclays PLC boosted its stake in Enpro by 115.6% during the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock worth $9,845,000 after purchasing an additional 32,544 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Enpro by 129.7% during the second quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock worth $4,280,000 after buying an additional 16,600 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of 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 in the last quarter. Finally, Citigroup Inc. raised its position in shares of Enpro by 80.7% in the third quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock valued at $4,278,000 after buying an additional 11,785 shares during the last quarter. Institutional investors and hedge funds 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.