BlackRock Inc. boosted its position in EnPro Industries, Inc. (NYSE:NPO) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,646,800 shares of the industrial products company’s stock after purchasing an additional 52,232 shares during the quarter. BlackRock Inc. owned about 12.41% of EnPro Industries worth $247,503,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NPO. SG Americas Securities LLC acquired a new position in EnPro Industries in the 3rd quarter valued at $200,000. Cubist Systematic Strategies LLC raised its stake in EnPro Industries by 64.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 973 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in EnPro Industries in the 4th quarter valued at $210,000. LS Investment Advisors LLC raised its stake in EnPro Industries by 225.3% in the 4th quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 1,654 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in EnPro Industries in the 3rd quarter valued at $306,000. 92.80% of the stock is owned by hedge funds and other institutional investors.
Shares of EnPro Industries, Inc. (NYSE:NPO) opened at $77.35 on Tuesday. EnPro Industries, Inc. has a 52 week low of $62.37 and a 52 week high of $94.79. The stock has a market capitalization of $1,659.18, a price-to-earnings ratio of 3.19, a price-to-earnings-growth ratio of 0.92 and a beta of 1.17. The company has a quick ratio of 2.30, a current ratio of 3.06 and a debt-to-equity ratio of 0.68.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This is an increase from EnPro Industries’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. EnPro Industries’s dividend payout ratio (DPR) is 3.96%.
Several research firms recently commented on NPO. B. Riley reissued a “buy” rating on shares of EnPro Industries in a research note on Thursday, February 15th. Zacks Investment Research downgraded EnPro Industries from a “buy” rating to a “sell” rating in a research note on Wednesday, February 14th. Oppenheimer raised their target price on EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, KeyCorp raised EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 target price for the company in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. EnPro Industries currently has an average rating of “Buy” and an average price target of $96.00.
In other EnPro Industries news, SVP Steven R. Bower acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $75.54 per share, with a total value of $75,540.00. Following the transaction, the senior vice president now owns 1,118 shares of the company’s stock, valued at $84,453.72. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by company insiders.
About EnPro Industries
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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