BlackRock Inc. increased its holdings in shares of EnPro Industries, Inc. (NYSE:NPO) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,646,800 shares of the industrial products company’s stock after buying an additional 52,232 shares during the period. BlackRock Inc. owned about 0.12% of EnPro Industries worth $247,503,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of NPO. First Trust Advisors LP increased its position in shares of EnPro Industries by 4.9% during the 3rd quarter. First Trust Advisors LP now owns 20,306 shares of the industrial products company’s stock worth $1,635,000 after purchasing an additional 954 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of EnPro Industries during the 3rd quarter worth about $344,000. BNP Paribas Arbitrage SA increased its position in shares of EnPro Industries by 43.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,234 shares of the industrial products company’s stock worth $905,000 after purchasing an additional 3,424 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of EnPro Industries by 58.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,010 shares of the industrial products company’s stock worth $645,000 after purchasing an additional 2,950 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of EnPro Industries by 26.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,165 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 1,500 shares during the last quarter. 92.80% of the stock is owned by hedge funds and other institutional investors.
EnPro Industries, Inc. (NYSE:NPO) opened at $77.35 on Tuesday. EnPro Industries, Inc. has a twelve month low of $62.37 and a twelve month high of $94.79. The company has a market capitalization of $1,659.18, a PE ratio of 3.19, a P/E/G ratio of 0.92 and a beta of 1.17. The company has a current ratio of 3.06, a quick ratio of 2.30 and a debt-to-equity ratio of 0.68.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.24%. This is a boost from EnPro Industries’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, March 6th. EnPro Industries’s dividend payout ratio (DPR) is 3.96%.
A number of analysts recently issued reports on the company. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. B. Riley set a $100.00 target price on EnPro Industries and gave the company a “buy” rating in a report on Tuesday, November 21st. Zacks Investment Research upgraded EnPro Industries from a “sell” rating to a “buy” rating and set a $86.00 target price for the company in a report on Saturday, February 17th. Oppenheimer raised their target price on EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Finally, KeyCorp upgraded EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 target price for the company in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $96.00.
In other news, SVP Steven R. Bower bought 1,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $75.54 per share, for a total transaction of $75,540.00. Following the acquisition, the senior vice president now directly owns 1,118 shares of the company’s stock, valued at approximately $84,453.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.
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EnPro Industries Company 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.
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