16,924 Shares in EnPro Industries (NPO) Purchased by Suntrust Banks Inc.
Suntrust Banks Inc. acquired a new stake in shares of EnPro Industries (NYSE:NPO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,924 shares of the industrial products company’s stock, valued at approximately $1,207,000. Suntrust Banks Inc. owned approximately 0.08% of EnPro Industries 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 NPO. Public Employees Retirement System of Ohio grew its stake in shares of EnPro Industries by 5.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 71 shares during the period. Texas Permanent School Fund raised its holdings in shares of EnPro Industries by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock worth $1,113,000 after buying an additional 90 shares in the last quarter. Amalgamated Bank raised its holdings in shares of EnPro Industries by 3.4% in the 2nd quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock worth $211,000 after buying an additional 98 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of EnPro Industries by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock worth $361,000 after buying an additional 170 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of EnPro Industries by 2.3% in the 2nd quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock worth $588,000 after buying an additional 189 shares in the last quarter. 94.47% of the stock is currently owned by institutional investors.
Shares of EnPro Industries (NYSE NPO) opened at 81.51 on Wednesday. EnPro Industries has a 12 month low of $52.00 and a 12 month high of $81.60. The company’s 50 day moving average is $73.13 and its 200-day moving average is $70.86. The firm has a market cap of $1.74 billion, a PE ratio of 95.44 and a beta of 1.15.
EnPro Industries (NYSE:NPO) last released its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.35). EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company had revenue of $347.00 million for the quarter, compared to analyst estimates of $347.13 million. During the same period last year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts predict that EnPro Industries will post $2.61 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Friday, September 1st. EnPro Industries’s dividend payout ratio (DPR) is presently 103.53%.
Several research firms recently commented on NPO. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 target price for the company in a research report on Friday, September 1st. BidaskClub cut EnPro Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. FBR & Co reiterated a “buy” rating and issued a $85.00 price target on shares of EnPro Industries in a research report on Tuesday, September 12th. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $83.33.
In other EnPro Industries news, insider Stephen E. Macadam sold 26,318 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $74.08, for a total value of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Todd L. Anderson sold 2,148 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total transaction of $156,095.16. Following the completion of the transaction, the insider now directly owns 9,000 shares in the company, valued at $654,030. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
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EnPro Industries Company 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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