Enpro (NYSE:NPO) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Enpro (NYSE:NPO) from a buy rating to a hold rating in a report released on Wednesday.

Enpro Trading Up 0.0 %

NPO opened at $163.56 on Wednesday. Enpro has a twelve month low of $116.43 and a twelve month high of $176.13. The company has a 50-day simple moving average of $154.85 and a 200 day simple moving average of $153.14. The company has a quick ratio of 1.90, a current ratio of 2.76 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 63.64 and a beta of 1.41.

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

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. Enpro’s dividend payout ratio (DPR) is currently 46.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Enpro in the 1st quarter valued at approximately $734,000. UniSuper Management Pty Ltd bought a new position in Enpro in the 1st quarter valued at approximately $689,000. First Eagle Investment Management LLC raised its holdings in Enpro by 7.9% in the 1st quarter. First Eagle Investment Management LLC now owns 65,493 shares of the industrial products company’s stock valued at $11,053,000 after buying an additional 4,775 shares during the last quarter. Swedbank AB bought a new position in Enpro in the 1st quarter valued at approximately $28,691,000. Finally, Renaissance Technologies LLC raised its holdings in Enpro by 129.7% in the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after buying an additional 16,600 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Enpro Company Profile

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.