Rhumbline Advisers raised its stake in EnPro Industries, Inc. (NYSE:NPO) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,361 shares of the industrial products company’s stock after acquiring an additional 1,219 shares during the quarter. Rhumbline Advisers’ holdings in EnPro Industries were worth $3,733,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NPO. Ceredex Value Advisors LLC acquired a new position in EnPro Industries in the first quarter valued at approximately $19,230,000. Rothschild Asset Management Inc. acquired a new position in EnPro Industries in the first quarter valued at approximately $16,648,000. American Century Companies Inc. lifted its holdings in EnPro Industries by 68.3% in the first quarter. American Century Companies Inc. now owns 517,781 shares of the industrial products company’s stock valued at $40,066,000 after acquiring an additional 210,067 shares during the period. Schroder Investment Management Group acquired a new position in EnPro Industries in the first quarter valued at approximately $13,603,000. Finally, OppenheimerFunds Inc. lifted its holdings in EnPro Industries by 1,500.9% in the first quarter. OppenheimerFunds Inc. now owns 152,358 shares of the industrial products company’s stock valued at $11,789,000 after acquiring an additional 142,841 shares during the period. 91.12% of the stock is owned by institutional investors.

Shares of NPO stock opened at $73.93 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.64 and a quick ratio of 1.78. The company has a market cap of $1.56 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. EnPro Industries, Inc. has a 1-year low of $63.73 and a 1-year high of $94.79.

EnPro Industries (NYSE:NPO) last announced its earnings results on Wednesday, August 1st. The industrial products company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.37). The business had revenue of $393.60 million for the quarter, compared to analyst estimates of $370.48 million. EnPro Industries had a return on equity of 7.33% and a net margin of 36.50%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. sell-side analysts forecast that EnPro Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Wednesday, September 5th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, September 4th. EnPro Industries’s payout ratio is 41.74%.

A number of brokerages have issued reports on NPO. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a report on Monday, August 6th. Oppenheimer reduced their target price on EnPro Industries from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, August 2nd. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. SunTrust Banks reaffirmed a “buy” rating and set a $88.00 target price on shares of EnPro Industries in a research note on Thursday, August 16th. Finally, B. Riley reduced their target price on EnPro Industries from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $90.67.

In other news, SVP Jon D. Rickers sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $75.63, for a total transaction of $37,815.00. Following the completion of the transaction, the senior vice president now directly owns 6,215 shares of the company’s stock, valued at approximately $470,040.45. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

About EnPro Industries

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.

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Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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