Enpro Inc. (NYSE:NPO) to Issue Quarterly Dividend of $0.31

Enpro Inc. (NYSE:NPO) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.31 per share by the industrial products company on Wednesday, March 19th. This represents a $1.24 dividend on an annualized basis and a yield of 0.65%. This is a positive change from Enpro’s previous quarterly dividend of $0.30.

Enpro has increased its dividend payment by an average of 3.6% annually over the last three years. Enpro has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enpro to earn $7.42 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 16.2%.

Enpro Stock Performance

Shares of Enpro stock traded up $2.65 during mid-day trading on Thursday, hitting $190.14. 103,639 shares of the stock were exchanged, compared to its average volume of 97,629. The company has a 50-day simple moving average of $178.99 and a 200 day simple moving average of $166.57. The company has a market capitalization of $3.99 billion, a P/E ratio of 73.98 and a beta of 1.49. Enpro has a 12 month low of $136.68 and a 12 month high of $197.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76.

Analyst Ratings Changes

A number of research firms have recently commented on NPO. KeyCorp lifted their target price on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer increased their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Enpro Company Profile

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.