Enpro (NYSE:NPO) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Enpro (NYSE:NPO) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Enpro Stock Up 11.5 %

Shares of NYSE:NPO opened at $165.85 on Wednesday. The business’s 50 day moving average is $154.71 and its 200 day moving average is $152.97. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 82.10 and a beta of 1.41. Enpro has a 12-month low of $116.43 and a 12-month high of $176.13. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm had revenue of $260.90 million during the quarter, compared to the consensus estimate of $264.47 million. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts forecast that Enpro will post 7.4 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.72%. Enpro’s dividend payout ratio (DPR) is 59.41%.

Insider Activity

In other news, CAO Steven R. Bower sold 1,548 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the transaction, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Enpro

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Enpro in the second quarter valued at $29,000. GAMMA Investing LLC increased its stake in shares of Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 200 shares during the period. Innealta Capital LLC bought a new stake in shares of Enpro in the 2nd quarter valued at approximately $48,000. Blue Trust Inc. lifted its stake in shares of Enpro by 357.4% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 411 shares during the period. Finally, KBC Group NV increased its holdings in Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares in the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.