Enpro (NYSE:NPO) Stock Price Expected to Rise, KeyCorp Analyst Says

Enpro (NYSE:NPO) had its target price increased by KeyCorp from $180.00 to $220.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

Separately, StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a research note on Tuesday.

Enpro Price Performance

Shares of NYSE:NPO opened at $190.72 on Thursday. The company has a market capitalization of $4.00 billion, a P/E ratio of 74.21 and a beta of 1.49. The company’s 50-day moving average is $168.04 and its 200 day moving average is $158.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. Enpro has a fifty-two week low of $135.46 and a fifty-two week high of $197.94.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share 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 analysts’ expectations of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. On average, equities research analysts forecast that Enpro will post 6.89 earnings per share for the current year.

Enpro Dividend Announcement

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

Insider Activity at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the transaction, the chief accounting officer now owns 130 shares of the company’s stock, valued at $21,125. The trade was a 69.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enpro

A number of large investors have recently modified their holdings of NPO. Innealta Capital LLC bought a new stake in Enpro during the 2nd quarter worth approximately $48,000. GAMMA Investing LLC raised its position in shares of Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock worth $52,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. grew its position in Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after buying an additional 411 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Enpro during the 3rd quarter valued at about $99,000. Finally, KBC Group NV increased its position in shares of Enpro by 24.3% in the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

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.