Bank of New York Mellon Corp lifted its position in EnPro Industries, Inc. (NYSE:NPO) by 11.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 445,313 shares of the industrial products company’s stock after purchasing an additional 47,522 shares during the period. Bank of New York Mellon Corp’s holdings in EnPro Industries were worth $31,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in NPO. Principal Financial Group Inc. lifted its holdings in EnPro Industries by 3.4% during the first quarter. Principal Financial Group Inc. now owns 169,320 shares of the industrial products company’s stock worth $13,102,000 after acquiring an additional 5,615 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 worth $147,000 after acquiring an additional 800 shares in the last quarter. First Trust Advisors LP lifted its holdings in EnPro Industries by 53.8% during the second quarter. First Trust Advisors LP now owns 39,270 shares of the industrial products company’s stock worth $2,747,000 after acquiring an additional 13,737 shares in the last quarter. NJ State Employees Deferred Compensation Plan lifted its holdings in EnPro Industries by 40.0% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 7,000 shares of the industrial products company’s stock worth $490,000 after acquiring an additional 2,000 shares in the last quarter. Finally, KBC Group NV lifted its holdings in EnPro Industries by 31.9% during the second quarter. KBC Group NV now owns 34,791 shares of the industrial products company’s stock worth $2,434,000 after acquiring an additional 8,415 shares in the last quarter. 98.81% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the company. ValuEngine lowered EnPro Industries from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Oppenheimer reduced their target price on EnPro Industries from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, August 2nd. Zacks Investment Research lowered EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 4th. TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a report on Monday, August 6th. Finally, SunTrust Banks reiterated a “buy” rating and set a $88.00 target price on shares of EnPro Industries in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. EnPro Industries currently has a consensus rating of “Buy” and an average price target of $84.40.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.26. The company had revenue of $388.20 million for the quarter, compared to analyst estimates of $377.13 million. EnPro Industries had a return on equity of 8.68% and a net margin of 4.63%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. Analysts predict that EnPro Industries, Inc. will post 3.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th will be issued 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 1.45%. EnPro Industries’s dividend payout ratio (DPR) is 41.74%.
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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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