Suntrust Banks Inc. Boosts Stake in EnPro Industries, Inc. (NPO)
Suntrust Banks Inc. lifted its holdings in EnPro Industries, Inc. (NYSE:NPO) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,479 shares of the industrial products company’s stock after buying an additional 1,555 shares during the period. Suntrust Banks Inc.’s holdings in EnPro Industries were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Louisiana State Employees Retirement System lifted its stake in shares of EnPro Industries by 7.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the industrial products company’s stock worth $860,000 after buying an additional 600 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of EnPro Industries by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 111,577 shares of the industrial products company’s stock worth $10,434,000 after buying an additional 673 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of EnPro Industries by 1.7% in the third quarter. Rhumbline Advisers now owns 44,106 shares of the industrial products company’s stock worth $3,552,000 after buying an additional 750 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of EnPro Industries by 4.5% in the fourth quarter. First Trust Advisors LP now owns 21,210 shares of the industrial products company’s stock worth $1,983,000 after buying an additional 904 shares in the last quarter. Finally, American International Group Inc. lifted its stake in shares of EnPro Industries by 5.7% in the third quarter. American International Group Inc. now owns 16,779 shares of the industrial products company’s stock worth $1,351,000 after buying an additional 906 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.
EnPro Industries, Inc. (NYSE NPO) opened at $73.02 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.32 and a current ratio of 3.06. EnPro Industries, Inc. has a 52 week low of $62.19 and a 52 week high of $94.79. The company has a market cap of $1,557.69, a PE ratio of 3.01, a price-to-earnings-growth ratio of 1.20 and a beta of 1.17.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This is an increase from EnPro Industries’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. EnPro Industries’s payout ratio is 3.63%.
In other news, SVP Steven R. Bower bought 1,000 shares of EnPro Industries stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $75.54 per share, with a total value of $75,540.00. Following the completion of the purchase, the senior vice president now directly owns 1,118 shares of the company’s stock, valued at $84,453.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by insiders.
Several equities analysts have recently weighed in on NPO shares. KeyCorp raised shares of EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price target on the stock in a research note on Friday, December 8th. Oppenheimer raised their price target on shares of EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. Finally, B. Riley set a $100.00 price target on shares of EnPro Industries and gave the stock a “buy” rating in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $96.00.
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EnPro Industries Company Profile
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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