17,285 Shares in EnPro Industries, Inc. (NPO) Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new stake in shares of EnPro Industries, Inc. (NYSE:NPO) during the 4th quarter, Holdings Channel reports. The fund acquired 17,285 shares of the industrial products company’s stock, valued at approximately $1,616,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in EnPro Industries by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,922,369 shares of the industrial products company’s stock valued at $137,199,000 after acquiring an additional 19,621 shares in the last quarter. Silver Point Capital L.P. boosted its position in EnPro Industries by 2.4% during the 3rd quarter. Silver Point Capital L.P. now owns 1,895,600 shares of the industrial products company’s stock valued at $152,653,000 after acquiring an additional 45,000 shares in the last quarter. Daruma Capital Management LLC boosted its position in EnPro Industries by 1.1% during the 2nd quarter. Daruma Capital Management LLC now owns 818,894 shares of the industrial products company’s stock valued at $58,444,000 after acquiring an additional 9,234 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in EnPro Industries by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 723,406 shares of the industrial products company’s stock valued at $58,256,000 after acquiring an additional 22,349 shares in the last quarter. Finally, State Street Corp boosted its position in EnPro Industries by 3.8% during the 2nd quarter. State Street Corp now owns 529,442 shares of the industrial products company’s stock valued at $37,786,000 after acquiring an additional 19,542 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Stephen E. Macadam sold 25,000 shares of EnPro Industries stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $84.06, for a total transaction of $2,101,500.00. Following the completion of the transaction, the insider now directly owns 194,447 shares in the company, valued at $16,345,214.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Several analysts have weighed in on the company. Zacks Investment Research raised EnPro Industries from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, January 2nd. Oppenheimer lifted their price objective on EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. KeyCorp raised EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price objective on the stock in a research report on Friday, December 8th. B. Riley set a $100.00 price objective on EnPro Industries and gave the company a “buy” rating in a research report on Tuesday, November 21st. Finally, FBR & Co set a $100.00 price objective on EnPro Industries and gave the company a “buy” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $99.17.

EnPro Industries, Inc. (NPO) opened at $91.98 on Thursday. EnPro Industries, Inc. has a 1-year low of $61.36 and a 1-year high of $94.79. The stock has a market cap of $1,982.44, a P/E ratio of 3.99, a PEG ratio of 1.74 and a beta of 1.18. The company has a current ratio of 2.27, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65.

EnPro Industries (NYSE:NPO) last released its earnings results on Monday, October 30th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The business had revenue of $343.70 million for the quarter, compared to analysts’ expectations of $324.00 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. EnPro Industries’s revenue for the quarter was up 17.4% on a year-over-year basis. sell-side analysts predict that EnPro Industries, Inc. will post 2.72 EPS for the current fiscal year.

EnPro Industries declared that its board has initiated a stock buyback plan on Monday, October 30th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.96%. EnPro Industries’s payout ratio is 3.82%.

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EnPro Industries Profile

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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Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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