Legal & General Group Plc Acquires 3,256 Shares of EnPro Industries, Inc. (NPO)
Legal & General Group Plc boosted its holdings in shares of EnPro Industries, Inc. (NYSE:NPO) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,775 shares of the industrial products company’s stock after acquiring an additional 3,256 shares during the period. Legal & General Group Plc’s holdings in EnPro Industries were worth $3,566,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Paradice Investment Management LLC purchased a new position in EnPro Industries in the third quarter worth about $43,984,000. FMR LLC raised its holdings in EnPro Industries by 243.8% in the second quarter. FMR LLC now owns 618,705 shares of the industrial products company’s stock worth $43,278,000 after buying an additional 438,735 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in EnPro Industries by 29.0% in the third quarter. Gamco Investors INC. ET AL now owns 1,137,871 shares of the industrial products company’s stock worth $82,985,000 after buying an additional 255,669 shares during the last quarter. Schroder Investment Management Group raised its holdings in EnPro Industries by 105.7% in the second quarter. Schroder Investment Management Group now owns 361,540 shares of the industrial products company’s stock worth $25,456,000 after buying an additional 185,742 shares during the last quarter. Finally, Walthausen & Co. LLC purchased a new position in EnPro Industries in the third quarter worth about $11,148,000. 95.04% of the stock is owned by institutional investors.
Several research analysts have issued reports on the stock. ValuEngine cut shares of EnPro Industries from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Zacks Investment Research raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Saturday, October 13th. Oppenheimer set a $90.00 target price on shares of EnPro Industries and gave the stock a “buy” rating in a report on Friday, January 11th. Finally, KeyCorp decreased their target price on shares of EnPro Industries from $90.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $82.60.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.26. EnPro Industries had a net margin of 4.63% and a return on equity of 8.68%. The firm had revenue of $388.20 million during the quarter, compared to analyst estimates of $377.13 million. During the same period in the previous year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities research analysts anticipate that EnPro Industries, Inc. will post 3.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th were paid a $0.24 dividend. The ex-dividend date was Tuesday, December 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.47%. EnPro Industries’s dividend payout ratio is presently 41.74%.
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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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