Enpro Inc. (NYSE:NPO) Sees Large Decline in Short Interest

Enpro Inc. (NYSE:NPO - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 489,100 shares, a decline of 16.4% from the March 31st total of 585,300 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 139,600 shares, the short-interest ratio is presently 3.5 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. KeyCorp lowered their price objective on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd.

Enpro Trading Up 1.9 %

Enpro stock traded up $3.23 during trading hours on Thursday, reaching $176.23. 17,329 shares of the company's stock traded hands, compared to its average volume of 111,463. Enpro has a fifty-two week low of $133.50 and a fifty-two week high of $214.58. The firm's 50 day moving average is $159.76 and its 200-day moving average is $170.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.59. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 50.93 and a beta of 1.51.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.33. The firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $266.23 million. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 EPS. On average, analysts predict that Enpro will post 7.38 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, June 4th. Enpro's dividend payout ratio (DPR) is currently 35.84%.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 997 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total transaction of $199,061.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company's stock.

Institutional Trading of Enpro

Institutional investors and hedge funds have recently modified their holdings of the stock. Xponance Inc. grew its holdings in Enpro by 5.1% during the first quarter. Xponance Inc. now owns 1,570 shares of the industrial products company's stock valued at $254,000 after purchasing an additional 76 shares during the period. Pitcairn Co. grew its holdings in shares of Enpro by 2.0% in the 4th quarter. Pitcairn Co. now owns 3,913 shares of the industrial products company's stock valued at $675,000 after buying an additional 78 shares during the period. Vista Finance LLC increased its position in shares of Enpro by 7.0% in the 1st quarter. Vista Finance LLC now owns 1,267 shares of the industrial products company's stock valued at $205,000 after buying an additional 83 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Enpro by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the industrial products company's stock worth $1,310,000 after buying an additional 84 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in Enpro by 5.8% during the fourth quarter. Sanctuary Advisors LLC now owns 1,580 shares of the industrial products company's stock worth $295,000 after acquiring an additional 86 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

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.