Enpro Inc. (NYSE:NPO) Plans Quarterly Dividend of $0.30

Enpro Inc. (NYSE:NPO) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.30 per share by the industrial products company on Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 0.81%.

Enpro has raised its dividend by an average of 3.7% annually over the last three years. Enpro has a dividend payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enpro to earn $7.93 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 15.1%.

Enpro Price Performance

NPO stock opened at $147.32 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. Enpro has a 52-week low of $115.00 and a 52-week high of $176.13. The stock’s 50 day moving average is $155.26 and its two-hundred day moving average is $152.97. The company has a market capitalization of $3.09 billion, a PE ratio of 72.93 and a beta of 1.40.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.23. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The company had revenue of $271.90 million for the quarter, compared to the consensus estimate of $270.90 million. During the same period in the previous year, the business earned $1.83 EPS. Enpro’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts predict that Enpro will post 7.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

Insider Activity

In other news, CAO Steven R. Bower sold 1,548 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $150.06, for a total value of $232,292.88. Following the completion of the sale, the chief accounting officer now directly owns 604 shares in the company, valued at approximately $90,636.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.