Pinebridge Investments L.P. Cuts Stock Position in EnPro Industries, Inc. (NYSE:NPO)
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.
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.
Further Reading: S&P 500 Index
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.