Enpro (NYSE:NPO) Price Target Raised to $215.00 at Oppenheimer

Enpro (NYSE:NPO) had its price objective raised by Oppenheimer from $170.00 to $215.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

NPO has been the subject of several other research reports. StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. KeyCorp lifted their price target on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th.

Enpro Stock Performance

Shares of NPO stock opened at $191.28 on Monday. The stock has a market cap of $4.02 billion, a PE ratio of 74.43 and a beta of 1.49. The business has a 50-day simple moving average of $169.28 and a 200-day simple moving average of $159.33. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. Enpro has a 52-week low of $136.68 and a 52-week high of $197.94.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The company had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. During the same period last year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Enpro will post 6.89 EPS for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.63%. Enpro’s dividend payout ratio (DPR) is currently 46.69%.

Insiders Place Their Bets

In other news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. The trade was a 69.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its holdings in shares of Enpro by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 2,595 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 80 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Enpro by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the industrial products company’s stock valued at $1,528,000 after acquiring an additional 100 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Enpro by 3.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,203 shares of the industrial products company’s stock valued at $466,000 after acquiring an additional 104 shares during the last quarter. Creative Planning lifted its holdings in Enpro by 3.1% in the second quarter. Creative Planning now owns 3,501 shares of the industrial products company’s stock valued at $510,000 after acquiring an additional 106 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in Enpro by 5.1% in the third quarter. Inspire Investing LLC now owns 2,552 shares of the industrial products company’s stock valued at $414,000 after acquiring an additional 124 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.