Bank of Montreal Can cut its stake in shares of EnPro Industries (NYSE:NPO) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,409 shares of the industrial products company’s stock after selling 2,289 shares during the period. Bank of Montreal Can’s holdings in EnPro Industries were worth $1,600,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after buying an additional 71 shares in the last quarter. Sound Point Capital Management LP raised its stake in EnPro Industries by 68.4% in the first quarter. Sound Point Capital Management LP now owns 331,524 shares of the industrial products company’s stock valued at $23,591,000 after buying an additional 134,681 shares in the last quarter. State Street Corp increased its position in shares of EnPro Industries by 7.1% in the first quarter. State Street Corp now owns 509,900 shares of the industrial products company’s stock valued at $36,286,000 after buying an additional 33,938 shares during the last quarter. Bank of America Corp DE increased its position in shares of EnPro Industries by 30.3% in the first quarter. Bank of America Corp DE now owns 110,929 shares of the industrial products company’s stock valued at $7,894,000 after buying an additional 25,769 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of EnPro Industries by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 127,663 shares of the industrial products company’s stock valued at $9,085,000 after buying an additional 9,877 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Shares of EnPro Industries (NPO) traded up 1.01% on Wednesday, hitting $71.75. The stock had a trading volume of 13,220 shares. The company has a 50 day moving average of $73.05 and a 200-day moving average of $69.09. EnPro Industries has a 12-month low of $51.54 and a 12-month high of $77.65. The firm has a market capitalization of $1.53 billion, a P/E ratio of 84.02 and a beta of 1.10.

EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.35. The company had revenue of $347 million for the quarter, compared to the consensus estimate of $347.13 million. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. Equities analysts predict that EnPro Industries will post $2.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.24%. EnPro Industries’s payout ratio is presently 103.53%.

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Several research analysts have recently commented on the company. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co reissued an “outperform” rating on shares of EnPro Industries in a report on Tuesday, July 11th. Finally, BidaskClub downgraded EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.50.

In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total transaction of $156,095.16. Following the sale, the insider now owns 9,000 shares of the company’s stock, valued at $654,030. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen E. Macadam sold 26,318 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the sale, the insider now directly owns 245,765 shares in the company, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

About EnPro Industries

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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