Enpro Inc. (NPO) to Distribute Quarterly Dividend of $0.30 on December 18th

Enpro Inc. (NYSE:NPO) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.30 per share by the industrial products company on Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 0.81%.

Enpro has increased its dividend payment by an average of 3.7% per year over the last three years. Enpro has a dividend payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enpro to earn $7.93 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 15.1%.

Enpro Trading Up 1.2 %

Shares of NPO stock opened at $147.32 on Friday. Enpro has a fifty-two week low of $115.00 and a fifty-two week high of $176.13. The stock has a market cap of $3.09 billion, a P/E ratio of 72.93 and a beta of 1.40. The business has a fifty day simple moving average of $155.26 and a 200-day simple moving average of $152.97. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.23. The business had revenue of $271.90 million during the quarter, compared to analysts’ expectations of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.83 earnings per share. On average, analysts forecast that Enpro will post 7.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $150.06, for a total value of $232,292.88. Following the sale, the chief accounting officer now directly owns 604 shares of the company’s stock, valued at approximately $90,636.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.