EnPro Industries, Inc. (NYSE:NPO) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.26 per share by the industrial products company on Wednesday, September 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, September 1st.
EnPro Industries has increased its dividend payment by an average of 19.1% per year over the last three years and has raised its dividend every year for the last 4 years. EnPro Industries has a payout ratio of 91.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect EnPro Industries to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 53.3%.
Shares of EnPro Industries stock traded down $1.31 during trading on Friday, hitting $47.16. 1,030 shares of the company’s stock were exchanged, compared to its average volume of 71,944. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.78. The business has a 50-day simple moving average of $47.05 and a 200-day simple moving average of $48.79. EnPro Industries has a 52-week low of $30.04 and a 52-week high of $73.53. The stock has a market capitalization of $974.84 million, a price-to-earnings ratio of 4.11, a PEG ratio of 3.38 and a beta of 1.67.
A number of research firms have weighed in on NPO. Oppenheimer reaffirmed a “buy” rating and issued a $65.00 price objective on shares of EnPro Industries in a report on Tuesday, May 5th. Sidoti lifted their price objective on shares of EnPro Industries from $56.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Zacks Investment Research cut shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $57.00.
About EnPro Industries
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.
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