Cramer Rosenthal Mcglynn LLC lowered its position in shares of EnPro Industries, Inc. (NYSE:NPO) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,846 shares of the industrial products company’s stock after selling 4,910 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 1.17% of EnPro Industries worth $23,270,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in EnPro Industries in the third quarter valued at approximately $200,000. Cubist Systematic Strategies LLC lifted its stake in EnPro Industries by 64.2% in the third quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock valued at $200,000 after buying an additional 973 shares in the last quarter. Meeder Asset Management Inc. bought a new position in EnPro Industries in the fourth quarter valued at approximately $210,000. LS Investment Advisors LLC lifted its stake in EnPro Industries by 225.3% in the fourth quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock valued at $223,000 after buying an additional 1,654 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in EnPro Industries in the third quarter valued at approximately $306,000. Hedge funds and other institutional investors own 92.80% of the company’s stock.
In other 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 acquired at an average price of $75.54 per share, with a total value of $75,540.00. Following the completion of the transaction, the senior vice president now directly owns 1,118 shares of the company’s stock, valued at approximately $84,453.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results 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 net margin of 40.39% and a return on equity of 8.02%. The firm had revenue of $362.50 million for the quarter, compared to analyst estimates of $348.10 million. equities analysts anticipate that EnPro Industries, Inc. will post 3.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, March 6th. This is an increase from EnPro Industries’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.25%. EnPro Industries’s dividend payout ratio is 3.96%.
A number of research analysts have weighed in on NPO shares. B. Riley set a $100.00 price target on shares of EnPro Industries and gave the company a “buy” rating in a research note on Tuesday, November 21st. KeyCorp raised shares of EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price target on the stock in a research note on Friday, December 8th. Oppenheimer lifted their price target on shares of EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Zacks Investment Research raised shares of EnPro Industries from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $96.00.
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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