KeyCorp Cuts Enpro (NYSE:NPO) Price Target to $190.00

Enpro (NYSE:NPO) had its price target lowered by KeyCorp from $230.00 to $190.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

NPO has been the topic of a number of other reports. Oppenheimer upped their target price on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, December 16th. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Enpro Stock Performance

NPO opened at $145.25 on Tuesday. The firm has a market capitalization of $3.06 billion, a PE ratio of 41.98 and a beta of 1.46. Enpro has a 52-week low of $133.50 and a 52-week high of $214.58. The business’s 50-day simple moving average is $176.05 and its 200 day simple moving average is $172.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59.

Enpro (NYSE:NPO) last released its earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $1.19 earnings per share. As a group, sell-side analysts expect that Enpro will post 7.38 earnings per share for the current fiscal year.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio (DPR) is currently 35.84%.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 997 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enpro

A number of hedge funds and other institutional investors have recently modified their holdings of NPO. Pitcairn Co. increased its position in Enpro by 2.0% during the fourth quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company’s stock worth $675,000 after acquiring an additional 78 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Enpro by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company’s stock worth $1,310,000 after buying an additional 84 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Enpro by 5.8% during the 4th quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 86 shares during the period. Heritage Family Offices LLP raised its holdings in Enpro by 4.7% in the 4th quarter. Heritage Family Offices LLP now owns 1,934 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 87 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in shares of Enpro by 5.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,197 shares of the industrial products company’s stock valued at $379,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds 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.