Enpro (NYSE:NPO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Enpro (NYSE:NPO) from a hold rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on NPO. Weiss Ratings cut Enpro from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. KeyCorp increased their price target on Enpro from $345.00 to $370.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their price objective on Enpro from $430.00 to $440.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Finally, Zacks Research cut Enpro from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Enpro currently has an average rating of “Moderate Buy” and a consensus target price of $365.00.

Enpro Trading Up 6.8%

NPO stock opened at $275.96 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.12. The company’s 50-day simple moving average is $293.75 and its 200 day simple moving average is $296.74. Enpro has a 52 week low of $202.00 and a 52 week high of $390.42. The company has a market capitalization of $5.84 billion, a PE ratio of 94.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.64.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.24. Enpro had a net margin of 4.88% and a return on equity of 12.55%. The business had revenue of $350.80 million during the quarter, compared to analysts’ expectations of $334.04 million. During the same quarter in the previous year, the company earned $1.01 EPS. The business’s revenue was up 22.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Enpro will post 9.78 earnings per share for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, December 2nd. Enpro’s payout ratio is currently 43.84%.

Institutional Investors Weigh In On Enpro

A number of large investors have recently modified their holdings of NPO. Bessemer Group Inc. increased its stake in shares of Enpro by 2.2% in the 3rd quarter. Bessemer Group Inc. now owns 143,801 shares of the industrial products company’s stock valued at $44,040,000 after purchasing an additional 3,141 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Enpro by 44.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $79,000 after buying an additional 79 shares during the last quarter. Allworth Financial LP lifted its position in shares of Enpro by 156.6% during the 3rd quarter. Allworth Financial LP now owns 331 shares of the industrial products company’s stock worth $101,000 after buying an additional 202 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Enpro by 108.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 51,309 shares of the industrial products company’s stock worth $15,714,000 after buying an additional 26,725 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Enpro by 75.2% in the third quarter. Fifth Third Bancorp now owns 24,192 shares of the industrial products company’s stock valued at $7,409,000 after buying an additional 10,386 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Company Profile

Enpro Inc is an industrial technology company that develops and manufactures products for demanding applications across a range of industries. Its businesses focus on sealing technologies and advanced surface technologies, serving markets that include semiconductor manufacturing, aerospace, life sciences, energy and commercial vehicles.

Enpro’s sealing products include engineered seals, gaskets, packing and related components used to help control fluids and gases in industrial equipment and systems.