BlackRock Inc. boosted its position in EnPro Industries, Inc. (NYSE:NPO) by 5.0% in the 1st quarter, HoldingsChannel reports. The firm owned 3,320,985 shares of the industrial products company’s stock after purchasing an additional 159,184 shares during the period. BlackRock Inc. owned approximately 0.16% of EnPro Industries worth $283,180,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC acquired a new position in EnPro Industries in the 4th quarter valued at about $376,000. Citigroup Inc. increased its stake in shares of EnPro Industries by 39.5% during the 4th quarter. Citigroup Inc. now owns 13,828 shares of the industrial products company’s stock valued at $1,044,000 after acquiring an additional 3,915 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of EnPro Industries during the 4th quarter valued at about $205,000. JPMorgan Chase & Co. increased its stake in shares of EnPro Industries by 66.2% during the 4th quarter. JPMorgan Chase & Co. now owns 148,456 shares of the industrial products company’s stock valued at $11,212,000 after acquiring an additional 59,143 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in shares of EnPro Industries during the 4th quarter valued at about $811,000. 93.90% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. Sidoti assumed coverage on shares of EnPro Industries in a research note on Wednesday, April 7th. They set a “buy” rating for the company. KeyCorp upped their price objective on shares of EnPro Industries from $108.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Oppenheimer upped their price objective on shares of EnPro Industries from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, June 2nd.
NPO opened at $97.60 on Friday. The business’s 50 day simple moving average is $89.87. The firm has a market cap of $2.01 billion, a P/E ratio of -123.54 and a beta of 1.63. EnPro Industries, Inc. has a 1 year low of $43.30 and a 1 year high of $99.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.27 and a current ratio of 2.95.
EnPro Industries (NYSE:NPO) last posted its earnings results on Friday, May 7th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.42. The firm had revenue of $279.30 million during the quarter, compared to the consensus estimate of $261.90 million. EnPro Industries had a negative net margin of 1.52% and a positive return on equity of 7.30%. On average, analysts expect that EnPro Industries, Inc. will post 4.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 16th. Investors of record on Wednesday, June 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, June 1st. EnPro Industries’s dividend payout ratio (DPR) is presently 26.54%.
About EnPro Industries
EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products worldwide. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; pipeline casing spacers/isolators; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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