Key Points
- Enpro CAO Steven Bower sold 1,000 shares at an average price of $279.66, totaling $279,660. After the sale, he directly owned 3,695 shares, a 21.3% reduction in his position.
- Enpro reported quarterly EPS of $2.66, beating estimates of $2.42, while revenue of $350.8 million also exceeded expectations and rose 22.4% year over year.
- The company declared a quarterly dividend of $0.32 per share, equivalent to $1.28 annually and a 0.5% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $365.
Enpro Inc. (NYSE:NPO - Get Free Report) CAO Steven Bower sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 13th. The stock was sold at an average price of $279.66, for a total transaction of $279,660.00. Following the completion of the transaction, the chief accounting officer directly owned 3,695 shares of the company's stock, valued at approximately $1,033,343.70. This represents a 21.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Enpro Price Performance
Shares of NYSE:NPO traded down $5.09 during trading on Friday, reaching $273.48. The company had a trading volume of 169,572 shares, compared to its average volume of 227,688. The company has a fifty day moving average of $292.54 and a two-hundred day moving average of $297.53. The stock has a market capitalization of $5.79 billion, a P/E ratio of 93.66, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64. Enpro Inc. has a 12 month low of $202.00 and a 12 month high of $390.42. The company has a current ratio of 2.12, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32.
Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.24. Enpro had a net margin of 4.88% and a return on equity of 12.55%. The firm had revenue of $350.80 million for the quarter, compared to analysts' expectations of $334.04 million. During the same quarter last year, the company posted $1.01 EPS. The business's quarterly revenue was up 22.4% on a year-over-year basis. Equities research analysts forecast that Enpro Inc. will post 9.78 earnings per share for the current year.
Enpro Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, December 2nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 2nd. Enpro's dividend payout ratio is currently 43.84%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Enpro in a research report on Tuesday. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Saturday, November 7th. Zacks Research cut Enpro from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Finally, JPMorgan Chase & Co. increased their price objective on Enpro from $430.00 to $440.00 and gave the company an "overweight" rating in a research report on Wednesday, November 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $365.00.
Get Our Latest Analysis on NPO
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Enpro in the 2nd quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Enpro during the 2nd quarter valued at $30,000. Mather Group LLC. grew its holdings in shares of Enpro by 58.3% during the 3rd quarter. Mather Group LLC. now owns 95 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 35 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Enpro in the 2nd quarter worth $38,000. Finally, Root Financial Partners LLC purchased a new position in Enpro in the 3rd quarter worth $38,000. 98.31% of the stock is owned by hedge funds and other institutional investors.
Enpro Company Profile
(
Get Free Report)
Enpro Inc. is an industrial technology company that develops and manufactures products for demanding applications across a range of industries. Its businesses focus on sealing technologies and advanced surface technologies, serving markets that include semiconductor manufacturing, aerospace, life sciences, energy and commercial vehicles. Enpro's sealing products include engineered seals, gaskets, packing and related components used to help control fluids and gases in industrial equipment and systems.
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