Enpro (NYSE:NPO) Reaches New 52-Week High at $167.39

Shares of Enpro Inc. (NYSE:NPO) reached a new 52-week high on Thursday . The stock traded as high as $167.39 and last traded at $167.35, with a volume of 6733 shares trading hands. The stock had previously closed at $167.05.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Enpro from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

Enpro Price Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.59 and a current ratio of 3.31. The company has a 50-day moving average of $157.11 and a 200-day moving average of $140.20. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 158.94 and a beta of 1.54.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.28). The firm had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $264.10 million. Enpro had a net margin of 2.10% and a return on equity of 9.67%. The firm’s revenue was down 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. As a group, equities research analysts predict that Enpro Inc. will post 7.43 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a $0.30 dividend. This is a boost from Enpro’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, March 5th. Enpro’s dividend payout ratio (DPR) is currently 113.21%.

Insiders Place Their Bets

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Enpro news, CAO Robert Savage Mclean sold 6,400 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,961 shares in the company, valued at approximately $4,585,105.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Der Graaf Kees Van sold 1,200 shares of Enpro stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enpro

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Enpro by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 282,082 shares of the industrial products company’s stock worth $34,186,000 after purchasing an additional 56,757 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Enpro by 326.2% in the 3rd quarter. Nordea Investment Management AB now owns 17,237 shares of the industrial products company’s stock valued at $2,115,000 after acquiring an additional 13,193 shares during the period. Kennedy Capital Management LLC lifted its holdings in shares of Enpro by 352.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 64,937 shares of the industrial products company’s stock valued at $7,870,000 after acquiring an additional 50,587 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Enpro by 7.2% during the 3rd quarter. Congress Asset Management Co. MA now owns 263,793 shares of the industrial products company’s stock worth $31,969,000 after purchasing an additional 17,631 shares during the period. Finally, Jennison Associates LLC raised its position in Enpro by 39.7% in the third quarter. Jennison Associates LLC now owns 364,334 shares of the industrial products company’s stock valued at $44,154,000 after purchasing an additional 103,550 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

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.