Bank of America Corp DE lowered its stake in EnPro Industries, Inc. (NYSE:NPO) by 23.2% during the second quarter, Holdings Channel reports. The firm owned 103,071 shares of the industrial products company’s stock after selling 31,167 shares during the period. Bank of America Corp DE’s holdings in EnPro Industries were worth $10,014,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of EnPro Industries in the second quarter worth $38,000. Geneos Wealth Management Inc. bought a new position in EnPro Industries in the first quarter valued at about $53,000. Captrust Financial Advisors grew its position in EnPro Industries by 9,510.0% in the first quarter. Captrust Financial Advisors now owns 1,922 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 1,902 shares during the last quarter. Advisor Partners LLC bought a new position in EnPro Industries in the second quarter valued at about $213,000. Finally, Mackenzie Financial Corp bought a new position in EnPro Industries in the second quarter valued at about $233,000. Institutional investors own 93.93% of the company’s stock.
Shares of NPO stock opened at $111.24 on Thursday. The company’s 50-day moving average price is $92.61. EnPro Industries, Inc. has a 12 month low of $69.95 and a 12 month high of $112.41. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 34.55 and a beta of 1.54. The company has a quick ratio of 2.53, a current ratio of 3.19 and a debt-to-equity ratio of 0.43.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, November 30th. EnPro Industries’s dividend payout ratio is currently 33.54%.
A number of research firms have issued reports on NPO. KeyCorp lifted their target price on EnPro Industries from $115.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 8th. Zacks Investment Research cut EnPro Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 6th. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b” rating in a research report on Friday, November 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $112.33.
EnPro Industries Company Profile
EnPro Industries, Inc engages in the design, development, manufacturing, and marketing of proprietary engineered industrial products. It operates through the following segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment designs, manufactures, and sells sealing products including metallic, non-metallic, and composite material gaskets.
Featured Article: Diversification For Individual Investors
Want to see what other hedge funds are holding NPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EnPro Industries, Inc. (NYSE:NPO).
Receive News & Ratings for EnPro Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnPro Industries and related companies with MarketBeat.com's FREE daily email newsletter.