Sapience Investments LLC cut its stake in shares of EnPro Industries, Inc. (NYSE:NPO) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,575 shares of the industrial products company’s stock after selling 20,100 shares during the quarter. Sapience Investments LLC owned 0.50% of EnPro Industries worth $10,059,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC bought a new stake in shares of EnPro Industries during the 4th quarter worth $2,735,000. Deutsche Bank AG boosted its stake in shares of EnPro Industries by 62.8% during the 4th quarter. Deutsche Bank AG now owns 69,633 shares of the industrial products company’s stock worth $6,511,000 after acquiring an additional 26,853 shares in the last quarter. Clearbridge LLC boosted its stake in shares of EnPro Industries by 10.5% during the 4th quarter. Clearbridge LLC now owns 156,740 shares of the industrial products company’s stock worth $14,657,000 after acquiring an additional 14,880 shares in the last quarter. Jefferies Group LLC bought a new stake in shares of EnPro Industries during the 4th quarter worth $994,000. Finally, Renaissance Technologies LLC boosted its stake in shares of EnPro Industries by 32.0% during the 4th quarter. Renaissance Technologies LLC now owns 201,400 shares of the industrial products company’s stock worth $18,833,000 after acquiring an additional 48,800 shares in the last quarter. 92.80% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Steven R. Bower bought 1,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $75.54 per share, for a total transaction of $75,540.00. Following the completion of the acquisition, the senior vice president now directly owns 1,118 shares in the company, valued at $84,453.72. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by company insiders.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. EnPro Industries had a return on equity of 8.02% and a net margin of 40.39%. The business had revenue of $362.50 million during the quarter, compared to analyst estimates of $348.10 million. analysts predict that EnPro Industries, Inc. will post 3.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.25%. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, March 6th. EnPro Industries’s dividend payout ratio (DPR) is currently 3.96%.
Several equities research analysts have recently weighed in on NPO shares. B. Riley set a $100.00 price objective on EnPro Industries and gave the stock a “buy” rating in a research note on Tuesday, November 21st. KeyCorp raised EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price objective for the company in a research note on Friday, December 8th. Oppenheimer increased their target price on EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Tuesday, January 2nd. Finally, ValuEngine upgraded EnPro Industries from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $96.00.
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EnPro Industries Company Profile
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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