Enpro Inc. (NPO) to Issue Quarterly Dividend of $0.30 on June 20th

Enpro Inc. (NYSE:NPO) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, June 5th will be given a dividend of 0.30 per share by the industrial products company on Thursday, June 20th. This represents a $1.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, June 5th.

Enpro has increased its dividend payment by an average of 3.7% annually over the last three years and has increased its dividend every year for the last 8 years.

Enpro Stock Down 0.3 %

Shares of NYSE NPO opened at $152.00 on Friday. The firm has a 50-day moving average price of $157.45 and a 200 day moving average price of $146.50. Enpro has a 52 week low of $93.23 and a 52 week high of $170.63. The company has a quick ratio of 2.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 143.40 and a beta of 1.55.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.28). Enpro had a return on equity of 9.67% and a net margin of 2.10%. The company had revenue of $241.90 million for the quarter, compared to analyst estimates of $264.10 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. Equities research analysts anticipate that Enpro will post 7.43 EPS for the current fiscal year.

Insider Activity at Enpro

In other news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the transaction, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Enpro from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st.

Enpro Company Profile

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.