Gamco Investors INC. ET AL trimmed its position in EnPro Industries, Inc. (NYSE:NPO – Get Rating) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,035,575 shares of the industrial products company's stock after selling 35,547 shares during the quarter. EnPro Industries comprises approximately 0.9% of Gamco Investors INC. ET AL's holdings, making the stock its 16th largest position. Gamco Investors INC. ET AL owned 4.98% of EnPro Industries worth $101,207,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NPO. Tributary Capital Management LLC acquired a new stake in EnPro Industries in the 1st quarter worth $12,816,000. Comerica Bank increased its position in shares of EnPro Industries by 0.8% during the first quarter. Comerica Bank now owns 17,768 shares of the industrial products company's stock valued at $1,801,000 after purchasing an additional 143 shares during the period. State of Tennessee Treasury Department raised its stake in shares of EnPro Industries by 33.2% in the first quarter. State of Tennessee Treasury Department now owns 14,218 shares of the industrial products company's stock valued at $1,389,000 after purchasing an additional 3,544 shares in the last quarter. Leeward Investments LLC MA acquired a new position in shares of EnPro Industries in the first quarter valued at $20,265,000. Finally, Capital International Investors lifted its position in EnPro Industries by 5.5% in the fourth quarter. Capital International Investors now owns 875,976 shares of the industrial products company's stock worth $96,419,000 after purchasing an additional 45,842 shares during the period. Institutional investors and hedge funds own 94.55% of the company's stock.
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Analysts Set New Price Targets
Separately, KeyCorp increased their price target on shares of EnPro Industries from $115.00 to $122.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 3rd.
EnPro Industries Trading Down 2.8 %
Shares of NPO opened at $90.22 on Wednesday. The stock has a fifty day moving average price of $92.02 and a two-hundred day moving average price of $94.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.91. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 10.48 and a beta of 1.38. EnPro Industries, Inc. has a 52-week low of $76.14 and a 52-week high of $117.63.
EnPro Industries (NYSE:NPO – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.50. EnPro Industries had a net margin of 14.62% and a return on equity of 11.42%. The business had revenue of $333.30 million for the quarter, compared to the consensus estimate of $325.57 million. During the same quarter in the prior year, the company earned $1.56 EPS. The firm's quarterly revenue was up 11.6% on a year-over-year basis. Analysts predict that EnPro Industries, Inc. will post 7.24 EPS for the current fiscal year.
EnPro Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 31st will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, August 30th. EnPro Industries's dividend payout ratio (DPR) is presently 13.01%.
About EnPro Industries
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EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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