EnPro Industries, Inc. (NYSE:NPO) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp decreased its holdings in EnPro Industries, Inc. (NYSE:NPO) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,280 shares of the industrial products company’s stock after selling 1,584 shares during the quarter. Bank of New York Mellon Corp owned 1.34% of EnPro Industries worth $13,520,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP grew its position in shares of EnPro Industries by 100.6% in the first quarter. Two Sigma Advisers LP now owns 16,946 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 8,500 shares in the last quarter. Deutsche Bank AG grew its position in shares of EnPro Industries by 45.0% in the first quarter. Deutsche Bank AG now owns 34,706 shares of the industrial products company’s stock valued at $1,373,000 after purchasing an additional 10,777 shares in the last quarter. Invesco Ltd. grew its position in shares of EnPro Industries by 3.8% in the first quarter. Invesco Ltd. now owns 307,678 shares of the industrial products company’s stock valued at $12,177,000 after purchasing an additional 11,217 shares in the last quarter. State Street Corp grew its position in shares of EnPro Industries by 7.8% in the first quarter. State Street Corp now owns 683,406 shares of the industrial products company’s stock valued at $27,049,000 after purchasing an additional 49,691 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in EnPro Industries by 48.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,457 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 3,411 shares during the period. 93.67% of the stock is owned by institutional investors.
Several research analysts recently weighed in on NPO shares. Sidoti increased their price objective on EnPro Industries from $56.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $63.00 price objective for the company in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $63.67.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.46. EnPro Industries had a return on equity of 6.04% and a net margin of 17.95%. The company had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $224.60 million. On average, sell-side analysts expect that EnPro Industries, Inc. will post 1.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, September 1st. EnPro Industries’s dividend payout ratio is presently 38.81%.
About EnPro Industries
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.
Further Reading: Why do company’s buyback their stock?
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