EnPro Industries (NPO) Stake Raised by Daruma Capital Management LLC
Daruma Capital Management LLC increased its stake in shares of EnPro Industries (NYSE:NPO) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 818,894 shares of the industrial products company’s stock after buying an additional 9,234 shares during the quarter. EnPro Industries comprises approximately 3.5% of Daruma Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Daruma Capital Management LLC owned 3.84% of EnPro Industries worth $58,444,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in NPO. BlackRock Inc. grew its holdings in shares of EnPro Industries by 126,215.4% during the first quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock valued at $185,076,000 after buying an additional 2,598,776 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of EnPro Industries during the first quarter valued at $13,901,000. Sound Point Capital Management LP grew its holdings in shares of EnPro Industries by 68.4% during 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 during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of EnPro Industries by 42.2% during the second quarter. Gamco Investors INC. ET AL now owns 298,820 shares of the industrial products company’s stock valued at $21,327,000 after buying an additional 88,620 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of EnPro Industries by 4.7% during the first quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock valued at $135,399,000 after buying an additional 85,493 shares during the last quarter. 94.47% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on NPO. Zacks Investment Research lowered shares of EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. BidaskClub raised shares of EnPro Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of EnPro Industries in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. EnPro Industries currently has a consensus rating of “Hold” and an average target price of $83.33.
In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the firm’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 transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at approximately $654,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen E. Macadam sold 26,318 shares of the firm’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 transaction, the insider now directly owns 245,765 shares in the company, valued at $18,206,271.20. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
EnPro Industries (NYSE:NPO) traded down 0.49% during midday trading on Friday, reaching $81.90. 46,312 shares of the company’s stock traded hands. The company has a market capitalization of $1.75 billion, a PE ratio of 95.90 and a beta of 1.15. EnPro Industries has a 1-year low of $52.00 and a 1-year high of $82.72. The firm’s 50 day moving average price is $74.11 and its 200-day moving average price is $71.13.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $347.00 million for the quarter, compared to analysts’ expectations of $347.13 million. During the same period in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts expect that EnPro Industries will post $2.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, September 1st. EnPro Industries’s payout ratio is currently 103.53%.
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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