EnPro Industries (NPO) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of EnPro Industries (NYSE:NPO) from a hold rating to a buy rating in a research note published on Tuesday morning. The brokerage currently has $80.00 price target on the industrial products company’s stock.
According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “
NPO has been the topic of several other reports. KeyCorp dropped their price objective on shares of EnPro Industries from $90.00 to $74.00 and set an overweight rating on the stock in a research report on Thursday, November 1st. ValuEngine raised shares of EnPro Industries from a sell rating to a hold rating in a research report on Friday, November 2nd. Oppenheimer set a $90.00 price objective on shares of EnPro Industries and gave the company a buy rating in a research report on Thursday, November 1st. TheStreet upgraded shares of EnPro Industries from a c+ rating to a b- rating in a research note on Monday, August 6th. Finally, SunTrust Banks restated a buy rating and issued a $88.00 price target on shares of EnPro Industries in a research note on Thursday, August 16th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $84.40.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.26. The company had revenue of $388.20 million for the quarter, compared to analyst estimates of $377.13 million. EnPro Industries had a net margin of 4.63% and a return on equity of 8.68%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. Analysts predict that EnPro Industries will post 3.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.35%. EnPro Industries’s dividend payout ratio (DPR) is presently 41.74%.
In related news, SVP Jon D. Rickers sold 500 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total value of $37,815.00. Following the transaction, the senior vice president now directly owns 6,215 shares in the company, valued at $470,040.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NPO. Nisa Investment Advisors LLC grew its stake in shares of EnPro Industries by 61.5% in the second quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 800 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of EnPro Industries in the second quarter valued at about $159,000. Trilogy Capital Inc. acquired a new position in shares of EnPro Industries in the second quarter valued at about $189,000. Cubist Systematic Strategies LLC acquired a new position in shares of EnPro Industries in the second quarter valued at about $251,000. Finally, Ramsey Quantitative Systems acquired a new position in shares of EnPro Industries in the second quarter valued at about $278,000. Institutional investors and hedge funds own 91.54% of the company’s stock.
EnPro Industries Company Profile
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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