Enpro (NYSE:NPO) Reaches New 52-Week High - What's Next?

Key Points

• Enpro Inc. (NYSE:NPO) reached a new 52-week high of $219.25, closing at $215.56 with a trading volume of 10,870 shares.
• Wall Street analysts have upgraded their ratings for Enpro, with Sidoti giving it a "strong-buy" and KeyCorp maintaining an "overweight" rating.
• Enpro declared a quarterly dividend of $0.31 per share, with an annualized dividend yield of 0.6%, reflecting a payout ratio of 30.85%.

Enpro Inc. (NYSE:NPO - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $219.25 and last traded at $215.56, with a volume of 10870 shares. The stock had previously closed at $214.88.

Analyst Ratings Changes

NPO has been the subject of a number of recent research reports. KeyCorp upped their price objective on shares of Enpro from $220.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday. Oppenheimer raised their price objective on Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday. Wall Street Zen upgraded Enpro from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Finally, Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research note on Wednesday, April 23rd.

Enpro Trading Up 1.3%

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.49 and a quick ratio of 2.21. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 54.55, a price-to-earnings-growth ratio of 2.39 and a beta of 1.62. The business has a fifty day moving average price of $199.01 and a 200 day moving average price of $181.49.

Enpro (NYSE:NPO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a return on equity of 10.49% and a net margin of 7.83%. The company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. During the same quarter in the prior year, the business earned $2.08 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts expect that Enpro Inc. will post 7.38 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.24 annualized dividend and a yield of 0.6%. Enpro's dividend payout ratio is 31.00%.

Institutional Trading of Enpro

A number of hedge funds have recently modified their holdings of NPO. Vista Finance LLC increased its position in shares of Enpro by 4.1% during the second quarter. Vista Finance LLC now owns 1,319 shares of the industrial products company's stock valued at $253,000 after purchasing an additional 52 shares during the period. Maryland State Retirement & Pension System boosted its stake in Enpro by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 6,184 shares of the industrial products company's stock worth $1,185,000 after buying an additional 58 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Enpro by 0.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,023 shares of the industrial products company's stock valued at $1,428,000 after buying an additional 64 shares during the period. Xponance Inc. raised its stake in shares of Enpro by 5.1% in the 1st quarter. Xponance Inc. now owns 1,570 shares of the industrial products company's stock valued at $254,000 after buying an additional 76 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Enpro by 106.3% during 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 period. Institutional investors own 98.31% of the company's stock.

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.