BlackRock Inc. Sells 64,390 Shares of EnPro Industries (NPO)

BlackRock Inc. lowered its stake in EnPro Industries (NYSE:NPO) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,536,445 shares of the industrial products company’s stock after selling 64,390 shares during the quarter. BlackRock Inc. owned approximately 11.90% of EnPro Industries worth $181,027,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in EnPro Industries by 5.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after buying an additional 71 shares in the last quarter. Texas Permanent School Fund lifted its stake in EnPro Industries by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock valued at $1,113,000 after buying an additional 90 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in EnPro Industries by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock valued at $361,000 after buying an additional 170 shares in the last quarter. Aperio Group LLC lifted its stake in EnPro Industries by 2.3% in the 2nd quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock valued at $588,000 after buying an additional 189 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in EnPro Industries by 1.8% in the 1st quarter. Arizona State Retirement System now owns 11,197 shares of the industrial products company’s stock valued at $797,000 after buying an additional 200 shares in the last quarter. 94.47% of the stock is currently owned by hedge funds and other institutional investors.

EnPro Industries (NPO) opened at 81.87 on Wednesday. The firm has a 50-day moving average price of $74.83 and a 200 day moving average price of $71.50. The firm has a market capitalization of $1.75 billion, a P/E ratio of 95.87 and a beta of 1.15. EnPro Industries has a one year low of $52.00 and a one year high of $82.72.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.35). EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The firm had revenue of $347.00 million during the quarter, compared to analyst estimates of $347.13 million. During the same period in the prior year, the business posted $0.17 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities research analysts anticipate that EnPro Industries will post $2.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, September 1st. EnPro Industries’s dividend payout ratio is 103.53%.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $83.33.

In related news, insider Stephen E. Macadam sold 26,318 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $74.08, for a total value of $1,949,637.44. Following the completion of the transaction, the insider now owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd L. Anderson sold 2,148 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total transaction of $156,095.16. Following the completion of the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at approximately $654,030. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “BlackRock Inc. Sells 64,390 Shares of EnPro Industries (NPO)” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/10/11/blackrock-inc-sells-64390-shares-of-enpro-industries-npo.html.

EnPro Industries Profile

EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.

Institutional Ownership by Quarter for EnPro Industries (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.

Latest News

Leave a Reply