Chartwell Investment Partners LLC increased its stake in EnPro Industries, Inc. (NYSE:NPO) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 113,011 shares of the industrial products company’s stock after purchasing an additional 4,192 shares during the quarter. Chartwell Investment Partners LLC owned approximately 0.55% of EnPro Industries worth $5,570,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. bought a new position in shares of EnPro Industries in the first quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. bought a new position in EnPro Industries in the 1st quarter worth $44,000. Nisa Investment Advisors LLC boosted its holdings in EnPro Industries by 14.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,950 shares of the industrial products company’s stock worth $96,000 after buying an additional 250 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in EnPro Industries by 161.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,055 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,885 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in EnPro Industries by 19.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 628 shares during the period. Institutional investors own 92.73% of the company’s stock.
A number of equities analysts have recently weighed in on NPO shares. Zacks Investment Research cut EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Sidoti increased 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, Oppenheimer reiterated a “buy” rating and set a $65.00 price objective on shares of EnPro Industries in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. EnPro Industries presently has a consensus rating of “Hold” and a consensus target price of $57.00.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.22. The business had revenue of $282.70 million during the quarter, compared to analysts’ expectations of $307.90 million. EnPro Industries had a return on equity of 8.13% and a net margin of 18.35%. As a group, research analysts predict that EnPro Industries, Inc. will post 1.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, September 1st. EnPro Industries’s payout ratio is 38.81%.
EnPro Industries Profile
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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