EnPro Industries (NPO) Stake Increased by Gabelli Funds LLC
Gabelli Funds LLC grew its holdings in shares of EnPro Industries (NYSE:NPO) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,100 shares of the industrial products company’s stock after acquiring an additional 5,400 shares during the period. Gabelli Funds LLC owned about 0.69% of EnPro Industries worth $11,846,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of EnPro Industries by 5.0% during the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 71 shares in the last quarter. Texas Permanent School Fund grew its stake in EnPro Industries by 0.6% in the second quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock worth $1,113,000 after purchasing an additional 90 shares in the last quarter. Amalgamated Bank grew its stake in EnPro Industries by 3.4% in the second quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 98 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in EnPro Industries by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 170 shares in the last quarter. Finally, Aperio Group LLC grew its stake in EnPro Industries by 2.3% in the second quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.
In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of EnPro Industries stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $84.06, for a total value of $2,101,500.00. Following the completion of the transaction, the insider now directly owns 194,447 shares in the company, valued at $16,345,214.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
EnPro Industries (NYSE NPO) opened at $82.49 on Friday. The company has a market capitalization of $1,753.83, a PE ratio of 46.20, a P/E/G ratio of 2.16 and a beta of 1.17. EnPro Industries has a 52 week low of $58.80 and a 52 week high of $84.98. The company has a quick ratio of 1.59, a current ratio of 2.27 and a debt-to-equity ratio of 0.65.
EnPro Industries (NYSE:NPO) last issued its earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The company had revenue of $343.70 million during the quarter, compared to analyst estimates of $324.00 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. analysts anticipate that EnPro Industries will post 2.51 EPS for the current fiscal year.
EnPro Industries declared that its Board of Directors has approved a share buyback plan on Monday, October 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.88 dividend on an annualized basis and a yield of 1.07%. EnPro Industries’s payout ratio is currently 3.82%.
NPO has been the subject of a number of research reports. FBR & Co reiterated a “buy” rating and issued a $85.00 price target on shares of EnPro Industries in a research note on Tuesday, September 12th. BidaskClub downgraded EnPro Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. KeyCorp reiterated a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $88.33.
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EnPro Industries 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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