Enpro (NYSE:NPO) Rating Increased to Strong-Buy at Sidoti

Sidoti upgraded shares of Enpro (NYSE:NPO) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Separately, KeyCorp decreased their price target on shares of Enpro from $230.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th.

Enpro Price Performance

Shares of NPO opened at $149.88 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The company has a 50 day moving average price of $166.12 and a 200-day moving average price of $171.01. Enpro has a fifty-two week low of $133.50 and a fifty-two week high of $214.58. The stock has a market capitalization of $3.15 billion, a PE ratio of 43.32 and a beta of 1.46.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. Enpro’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Equities analysts predict that Enpro will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, March 5th. This is an increase from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio (DPR) is currently 35.84%.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Enpro by 115.6% in the 3rd quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after acquiring an additional 32,544 shares during the period. Sanctuary Advisors LLC grew its stake in Enpro by 10.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,494 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 143 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Enpro in the third quarter valued at about $99,000. Synovus Financial Corp raised its stake in shares of Enpro by 102.7% in the third quarter. Synovus Financial Corp now owns 13,972 shares of the industrial products company’s stock worth $2,266,000 after purchasing an additional 7,078 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Enpro by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 106,271 shares of the industrial products company’s stock worth $17,235,000 after purchasing an additional 4,123 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

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.