Enpro Inc. (NYSE:NPO) Declares $0.30 Quarterly Dividend

Enpro Inc. (NYSE:NPO) declared a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, June 5th will be given a dividend of 0.30 per share by the industrial products company on Thursday, June 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, June 5th.

Enpro has raised its dividend payment by an average of 3.7% per year over the last three years and has raised its dividend annually for the last 8 consecutive years.

Enpro Trading Down 0.3 %

NYSE:NPO traded down $0.50 during mid-day trading on Friday, reaching $152.00. 56,454 shares of the company’s stock traded hands, compared to its average volume of 96,777. The company has a 50 day moving average price of $157.45 and a 200-day moving average price of $146.50. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 143.40 and a beta of 1.55. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.31 and a quick ratio of 2.59. Enpro has a 12-month low of $93.23 and a 12-month high of $170.63.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.28). The business had revenue of $241.90 million for the quarter, compared to the consensus estimate of $264.10 million. Enpro had a net margin of 2.10% and a return on equity of 9.67%. Enpro’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 EPS. On average, sell-side analysts predict that Enpro will post 7.43 earnings per share for the current year.

Insider Activity at Enpro

In other news, CAO Robert Savage Mclean sold 6,400 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the sale, the chief accounting officer now directly owns 28,961 shares in the company, valued at approximately $4,585,105.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Der Graaf Kees Van sold 1,200 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Savage Mclean sold 6,400 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Enpro from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st.

Enpro Company Profile

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.