Enpro (NYSE:NPO) Reaches New 12-Month High - Time to Buy?

Key Points

• Enpro Inc. shares reached a new 52-week high of $230.18, closing at $229.74 with a trading volume of 5,546 shares.
• Analysts have recently upgraded Enpro's rating from "hold" to "buy," with several price target increases, now ranging between $240.00 and $215.00.
• Enpro announced a quarterly dividend of $0.31 per share, offering an annualized yield of 0.5%, with a payout ratio of 31.00%.

Enpro Inc. (NYSE:NPO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $230.18 and last traded at $229.74, with a volume of 5546 shares traded. The stock had previously closed at $227.45.

Analysts Set New Price Targets

Several brokerages recently commented on NPO. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. KeyCorp increased their price objective on Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Oppenheimer lifted their price objective on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th.

Enpro Price Performance

The firm has a market capitalization of $4.78 billion, a PE ratio of 56.78, a P/E/G ratio of 2.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 1.65. The business's 50 day moving average is $203.28 and its two-hundred day moving average is $183.32.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a net margin of 7.83% and a return on equity of 10.49%. The company had revenue of $288.10 million for the quarter, compared to analysts' expectations of $283.83 million. During the same quarter last year, the business posted $2.08 EPS. The business's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Enpro Inc. will post 7.38 EPS for the current year.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 3rd. Enpro's dividend payout ratio is presently 31.00%.

Hedge Funds Weigh In On Enpro

Several institutional investors have recently modified their holdings of NPO. Opal Wealth Advisors LLC purchased a new stake in Enpro in the first quarter worth approximately $32,000. Huntington National Bank lifted its holdings in shares of Enpro by 106.3% in the 2nd quarter. Huntington National Bank now owns 165 shares of the industrial products company's stock worth $32,000 after acquiring an additional 85 shares during the last quarter. Maseco LLP purchased a new stake in shares of Enpro in the 2nd quarter valued at $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of Enpro by 36.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 51 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Enpro in the 2nd quarter worth $42,000. 98.31% of the stock is currently owned by institutional investors.

About Enpro

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.