Analysts Set Enpro Inc. (NYSE:NPO) PT at $250.00

Enpro Inc. (NYSE:NPO) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $250.00.

A number of research firms have issued reports on NPO. KeyCorp raised their price target on shares of Enpro from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th.

Enpro Stock Up 0.5%

Enpro stock opened at $272.60 on Tuesday. The business’s 50-day simple moving average is $234.64 and its two-hundred day simple moving average is $226.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 2.44. The company has a market cap of $5.74 billion, a PE ratio of 66.98, a PEG ratio of 2.07 and a beta of 1.58. Enpro has a fifty-two week low of $133.50 and a fifty-two week high of $286.09.

Enpro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.5%. This is a positive change from Enpro’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, March 4th. Enpro’s dividend payout ratio is 30.47%.

Institutional Investors Weigh In On Enpro

Hedge funds have recently bought and sold shares of the stock. Cookson Peirce & Co. Inc. purchased a new position in shares of Enpro in the third quarter valued at approximately $1,277,000. Hsbc Holdings PLC purchased a new position in Enpro in the 2nd quarter valued at $2,124,000. Congress Asset Management Co. boosted its stake in Enpro by 2.6% during the 3rd quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock worth $79,226,000 after purchasing an additional 8,992 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Enpro by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 6,184 shares of the industrial products company’s stock worth $1,185,000 after buying an additional 58 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in shares of Enpro by 2.9% in the second quarter. Bahl & Gaynor Inc. now owns 35,092 shares of the industrial products company’s stock valued at $6,722,000 after buying an additional 999 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Company Profile

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.