Royal Bank of Canada reduced its stake in shares of EnPro Industries (NYSE:NPO) by 2.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 402,215 shares of the industrial products company’s stock after selling 9,827 shares during the quarter. Royal Bank of Canada owned approximately 1.89% of EnPro Industries worth $28,706,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 71 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of EnPro Industries in the first quarter valued at about $125,000. Riverhead Capital Management LLC raised its holdings in shares of EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 665 shares in the last quarter. Amalgamated Bank bought a new stake in shares of EnPro Industries in the first quarter valued at about $203,000. Finally, BB&T Securities LLC bought a new stake in shares of EnPro Industries in the second quarter valued at about $222,000. 94.47% of the stock is owned by hedge funds and other institutional investors.
EnPro Industries (NYSE:NPO) last released its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.35). The business had revenue of $347.00 million during the quarter, compared to analysts’ expectations of $347.13 million. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. EnPro Industries’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 EPS.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.11%. EnPro Industries’s payout ratio is currently 103.53%.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co reiterated an “outperform” rating on shares of EnPro Industries in a report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $83.33.
In other EnPro Industries news, insider Stephen E. Macadam sold 26,318 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares in the company, valued at $18,206,271.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Todd L. Anderson sold 2,148 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the transaction, the insider now owns 9,000 shares in the company, valued at $654,030. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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