Pinebridge Investments L.P. lowered its position in EnPro Industries, Inc. (NYSE:NPO) by 20.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,987 shares of the industrial products company’s stock after selling 5,231 shares during the period. Pinebridge Investments L.P. owned approximately 0.10% of EnPro Industries worth $1,276,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. APG Asset Management N.V. purchased a new stake in EnPro Industries during the 2nd quarter worth approximately $846,000. Grantham Mayo Van Otterloo & Co. LLC grew its position in EnPro Industries by 343.8% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 28,400 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 22,000 shares during the last quarter. Northern Trust Corp grew its position in EnPro Industries by 2.6% during the 2nd quarter. Northern Trust Corp now owns 328,378 shares of the industrial products company’s stock worth $20,963,000 after purchasing an additional 8,406 shares during the last quarter. Pacer Advisors Inc. grew its position in EnPro Industries by 21.8% during the 2nd quarter. Pacer Advisors Inc. now owns 12,092 shares of the industrial products company’s stock worth $772,000 after purchasing an additional 2,168 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in EnPro Industries during the 2nd quarter worth approximately $721,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

NYSE NPO traded up $0.18 on Thursday, hitting $69.40. 2,842 shares of the company’s stock traded hands, compared to its average volume of 113,536. The company has a current ratio of 2.52, a quick ratio of 1.65 and a debt-to-equity ratio of 0.49. EnPro Industries, Inc. has a 1-year low of $55.43 and a 1-year high of $78.31. The firm’s 50-day moving average price is $64.68 and its two-hundred day moving average price is $65.00. The firm has a market capitalization of $1.45 billion, a PE ratio of 17.76, a P/E/G ratio of 1.12 and a beta of 1.86.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Monday, July 29th. The industrial products company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.00 by $0.32. EnPro Industries had a net margin of 2.58% and a return on equity of 10.45%. The business had revenue of $387.00 million during the quarter, compared to analysts’ expectations of $389.77 million. During the same period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, research analysts anticipate that EnPro Industries, Inc. will post 4.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, September 3rd. EnPro Industries’s payout ratio is 25.58%.

In other EnPro Industries news, CEO Judd Dayton acquired 40,508 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $9.75 per share, for a total transaction of $394,953.00. Also, SVP Steven R. Bower acquired 1,700 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $63.92 per share, with a total value of $108,664.00. Following the completion of the purchase, the senior vice president now owns 3,190 shares in the company, valued at approximately $203,904.80. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

Separately, Zacks Investment Research raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. EnPro Industries presently has a consensus rating of “Hold” and a consensus price target of $81.00.

EnPro Industries Company Profile

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.

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

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