EnPro Industries (NPO) Position Lowered by Wells Fargo & Company MN
Wells Fargo & Company MN cut its position in shares of EnPro Industries (NYSE:NPO) by 26.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,160 shares of the industrial products company’s stock after selling 11,440 shares during the period. Wells Fargo & Company MN’s holdings in EnPro Industries were worth $2,217,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Elkfork Partners LLC acquired a new stake in EnPro Industries during the fourth quarter worth about $115,000. State of Alaska Department of Revenue increased its stake in EnPro Industries by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 2,360 shares of the industrial products company’s stock worth $167,000 after buying an additional 30 shares during the period. Ellington Management Group LLC acquired a new stake in EnPro Industries during the fourth quarter worth about $202,000. A.R.T. Advisors LLC acquired a new stake in EnPro Industries during the fourth quarter worth about $484,000. Finally, Louisiana State Employees Retirement System increased its stake in EnPro Industries by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the industrial products company’s stock worth $619,000 after buying an additional 100 shares during the period. Institutional investors own 94.62% of the company’s stock.
Shares of EnPro Industries (NYSE NPO) opened at 69.93 on Friday. EnPro Industries has a 12-month low of $42.56 and a 12-month high of $74.89. The stock has a 50 day moving average of $69.51 and a 200-day moving average of $67.47. The firm has a market capitalization of $1.49 billion, a P/E ratio of 114.83 and a beta of 1.04.
EnPro Industries (NYSE:NPO) last issued its earnings results on Monday, May 1st. The industrial products company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by $0.18. EnPro Industries had a return on equity of 9.43% and a net margin of 1.10%. The firm had revenue of $295.80 million for the quarter, compared to analyst estimates of $303.63 million. During the same period in the previous year, the company earned ($2.15) earnings per share. EnPro Industries’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts predict that EnPro Industries will post $1.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Tuesday, May 30th. EnPro Industries’s payout ratio is 144.26%.
A number of research firms have recently issued reports on NPO. BidaskClub upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Finally, Wunderlich began coverage on shares of EnPro Industries in a report on Wednesday, March 22nd. They issued a “buy” rating and a $85.00 price objective on the stock.
In other news, VP Steven R. Bower bought 1,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were bought at an average cost of $71.51 per share, with a total value of $71,510.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen E. Macadam sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $72.21, for a total value of $1,083,150.00. Following the transaction, the insider now directly owns 234,447 shares in the company, valued at $16,929,417.87. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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