Enpro (NYSE:NPO) Hits New 12-Month High at $173.33

Enpro Inc. (NYSE:NPO)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $173.33 and last traded at $171.07, with a volume of 14430 shares traded. The stock had previously closed at $171.51.

Enpro Trading Down 0.6 %

The company has a market capitalization of $3.57 billion, a PE ratio of -1,224.98 and a beta of 1.43. The company’s fifty day moving average is $151.04 and its 200-day moving average is $154.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.59 and a quick ratio of 1.77.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.03. The company had revenue of $257.50 million for the quarter, compared to analyst estimates of $269.00 million. Enpro had a negative net margin of 0.26% and a positive return on equity of 9.17%. Enpro’s revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company posted $1.95 earnings per share. On average, analysts anticipate that Enpro Inc. will post 7.45 EPS for the current fiscal year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Enpro’s dividend payout ratio is presently -857.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NPO. Swedbank AB purchased a new position in Enpro in the first quarter valued at $28,691,000. Brown Advisory Inc. increased its stake in shares of Enpro by 49.6% during the fourth quarter. Brown Advisory Inc. now owns 482,639 shares of the industrial products company’s stock worth $75,649,000 after purchasing an additional 159,984 shares in the last quarter. Norges Bank purchased a new stake in shares of Enpro during the fourth quarter worth about $24,026,000. F M Investments LLC purchased a new stake in shares of Enpro during the second quarter worth about $14,315,000. Finally, Jennison Associates LLC increased its stake in shares of Enpro by 21.0% during the fourth quarter. Jennison Associates LLC now owns 441,018 shares of the industrial products company’s stock worth $69,125,000 after purchasing an additional 76,684 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

About Enpro

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.