EnPro Industries, Inc. (NPO) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC boosted its position in shares of EnPro Industries, Inc. (NYSE:NPO) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 275,800 shares of the industrial products company’s stock after buying an additional 28,700 shares during the quarter. Gabelli Funds LLC’s holdings in EnPro Industries were worth $20,114,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in EnPro Industries by 61.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the industrial products company’s stock valued at $147,000 after buying an additional 800 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in EnPro Industries during the second quarter valued at about $159,000. Trilogy Capital Inc. bought a new position in EnPro Industries during the second quarter valued at about $189,000. Cubist Systematic Strategies LLC bought a new position in EnPro Industries during the second quarter valued at about $251,000. Finally, Ramsey Quantitative Systems bought a new position in EnPro Industries during the second quarter valued at about $278,000. 91.54% of the stock is owned by institutional investors and hedge funds.

NYSE:NPO opened at $74.05 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.74 and a quick ratio of 1.85. EnPro Industries, Inc. has a 1-year low of $57.31 and a 1-year high of $94.79. The firm has a market capitalization of $1.52 billion, a P/E ratio of 32.20, a P/E/G ratio of 1.30 and a beta of 1.21.

EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.26. EnPro Industries had a return on equity of 8.68% and a net margin of 4.63%. The business had revenue of $388.20 million during the quarter, compared to analyst estimates of $377.13 million. During the same quarter last year, the company posted $0.73 EPS. EnPro Industries’s revenue for the quarter was up 12.9% on a year-over-year basis. Research analysts expect that EnPro Industries, Inc. will post 3.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. EnPro Industries’s dividend payout ratio (DPR) is 41.74%.

In related news, SVP Jon D. Rickers sold 500 shares of the stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $75.63, for a total value of $37,815.00. Following the completion of the transaction, the senior vice president now owns 6,215 shares in the company, valued at approximately $470,040.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Several brokerages recently weighed in on NPO. Zacks Investment Research raised EnPro Industries from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Tuesday. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. KeyCorp decreased their target price on EnPro Industries from $90.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, November 1st. Oppenheimer set a $90.00 target price on EnPro Industries and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $88.00 target price on shares of EnPro Industries in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $84.40.

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EnPro Industries Profile

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.

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Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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