Legal & General Group Plc grew its holdings in EnPro Industries (NYSE:NPO) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,722 shares of the industrial products company’s stock after acquiring an additional 4,597 shares during the period. Legal & General Group Plc owned 0.20% of EnPro Industries worth $3,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NPO. BlackRock Inc. raised its position in shares of EnPro Industries by 126,215.4% during the 1st quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock valued at $185,076,000 after purchasing an additional 2,598,776 shares during the period. Vanguard Group Inc. raised its position in shares of EnPro Industries by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock valued at $135,399,000 after purchasing an additional 85,493 shares during the period. State Street Corp raised its position in shares of EnPro Industries by 7.1% during the 1st quarter. State Street Corp now owns 509,900 shares of the industrial products company’s stock valued at $36,286,000 after purchasing an additional 33,938 shares during the period. Sound Point Capital Management LP raised its position in shares of EnPro Industries by 68.4% during the 1st quarter. Sound Point Capital Management LP now owns 331,524 shares of the industrial products company’s stock valued at $23,591,000 after purchasing an additional 134,681 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of EnPro Industries by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 318,203 shares of the industrial products company’s stock valued at $22,644,000 after purchasing an additional 14,550 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

In related news, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the sale, the insider now directly owns 245,765 shares of the company’s stock, valued at $18,206,271.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd L. Anderson sold 2,148 shares of the stock in a transaction 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 sale, the insider now directly owns 9,000 shares in the company, valued at $654,030. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Shares of EnPro Industries (NYSE:NPO) opened at 74.63 on Monday. The company has a market capitalization of $1.59 billion, a P/E ratio of 87.39 and a beta of 1.10. The stock’s 50 day moving average is $71.65 and its 200 day moving average is $69.67. EnPro Industries has a 12 month low of $52.00 and a 12 month high of $77.65.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $347.13 million. During the same period last year, the company posted $0.17 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts predict that EnPro Industries will post $2.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, September 1st. EnPro Industries’s dividend payout ratio (DPR) is presently 103.53%.

ILLEGAL ACTIVITY NOTICE: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/18/legal-general-group-plc-acquires-4597-shares-of-enpro-industries-npo.html.

Several analysts have recently commented on NPO shares. Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 price objective on the stock in a research report on Friday, September 1st. BidaskClub downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. FBR & Co restated a “buy” rating and set a $85.00 price objective on shares of EnPro Industries in a research report on Tuesday, September 12th. Finally, TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. EnPro Industries has a consensus rating of “Buy” and a consensus price target of $83.33.

About EnPro Industries

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.

Want to see what other hedge funds are holding NPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EnPro Industries (NYSE:NPO).

Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

Receive News & Stock 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 stocks with our FREE daily email newsletter.