Enpro (NYSE:NPO) Hits New 12-Month Low – Here’s Why

Enpro Inc. (NYSE:NPO) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $134.96 and last traded at $141.06, with a volume of 26993 shares changing hands. The stock had previously closed at $148.98.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, KeyCorp lifted their price target on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th.

Enpro Stock Down 4.3 %

The business’s 50-day simple moving average is $180.55 and its 200-day simple moving average is $172.86. The company has a market capitalization of $3.00 billion, a PE ratio of 41.23 and a beta of 1.52. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $258.40 million for the quarter, compared to analyst estimates of $250.10 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. As a group, equities research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.31 per share. This is a positive change from Enpro’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Enpro’s dividend payout ratio is presently 35.84%.

Insider Activity

In other Enpro news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value of $199,061.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Enpro

Institutional investors have recently added to or reduced their stakes in the stock. OFI Invest Asset Management purchased a new stake in shares of Enpro during the fourth quarter worth about $60,000. Canada Pension Plan Investment Board purchased a new stake in Enpro during the 4th quarter worth approximately $69,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Enpro during the third quarter valued at approximately $99,000. Sterling Capital Management LLC raised its holdings in shares of Enpro by 786.6% during the fourth quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 527 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Enpro by 386.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 647 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 514 shares in the last quarter. Institutional investors and hedge funds own 98.31% 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.