Enpro (NYSE:NPO) Reaches New 12-Month High – Should You Buy?

Shares of Enpro Inc. (NYSE:NPO) reached a new 52-week high during trading on Thursday . The company traded as high as $176.16 and last traded at $175.89, with a volume of 8388 shares trading hands. The stock had previously closed at $174.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Enpro Stock Performance

The company has a market cap of $3.87 billion, a price-to-earnings ratio of 71.68 and a beta of 1.41. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $158.44 and its 200 day simple moving average is $154.26.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The business had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 EPS. As a group, analysts anticipate that Enpro Inc. will post 6.89 earnings per share for the current year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.65%. Enpro’s dividend payout ratio (DPR) is 46.69%.

Insider Activity

In other news, CAO Steven R. Bower sold 300 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares of the company’s stock, valued at $21,125. This represents a 69.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Enpro

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Enpro by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,242,464 shares of the industrial products company’s stock worth $180,865,000 after purchasing an additional 7,992 shares during the period. FMR LLC boosted its position in shares of Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company’s stock worth $201,385,000 after purchasing an additional 11,643 shares during the period. State Street Corp boosted its position in shares of Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company’s stock worth $130,972,000 after purchasing an additional 9,127 shares during the period. Geode Capital Management LLC boosted its position in shares of Enpro by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 484,216 shares of the industrial products company’s stock worth $78,545,000 after purchasing an additional 5,502 shares during the period. Finally, Congress Asset Management Co. boosted its position in shares of Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after purchasing an additional 12,316 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

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.