EnPro Industries, Inc. (NYSE:NPO) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. raised its holdings in EnPro Industries, Inc. (NYSE:NPO) by 77.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,998 shares of the industrial products company’s stock after purchasing an additional 6,099 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of EnPro Industries worth $894,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new stake in EnPro Industries in the second quarter valued at approximately $57,000. Bank of Montreal Can lifted its position in shares of EnPro Industries by 204.5% in the second quarter. Bank of Montreal Can now owns 2,549 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 1,712 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of EnPro Industries by 50.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 1,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of EnPro Industries in the second quarter valued at approximately $287,000. Finally, Chicago Equity Partners LLC purchased a new position in shares of EnPro Industries in the second quarter valued at approximately $319,000. 92.21% of the stock is currently owned by institutional investors.
In other EnPro Industries news, CEO Judd Dayton bought 40,508 shares of EnPro Industries stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $9.75 per share, for a total transaction of $394,953.00. Also, Director Stephen E. Macadam sold 11,261 shares of EnPro Industries stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $67.26, for a total value of $757,414.86. Following the completion of the sale, the director now owns 227,388 shares in the company, valued at approximately $15,294,116.88. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
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, topping the Zacks’ consensus estimate of $1.00 by $0.32. EnPro Industries had a return on equity of 10.45% and a net margin of 2.58%. The firm had revenue of $387.00 million for the quarter, compared to the consensus estimate of $389.77 million. During the same quarter last year, the business posted $0.75 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts forecast that EnPro Industries, Inc. will post 4.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.49%. EnPro Industries’s payout ratio is 25.58%.
Several equities analysts have recently weighed in on NPO shares. Zacks Investment Research downgraded EnPro Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded EnPro Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $78.00.
About EnPro Industries
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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