Sidoti Upgrades Enpro (NYSE:NPO) to Strong-Buy

Sidoti upgraded shares of Enpro (NYSE:NPO - Free Report) to a strong-buy rating in a report released on Wednesday, April 23rd,Zacks.com reports.

Separately, KeyCorp decreased their target price on shares of Enpro from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th.

Enpro Price Performance

Enpro stock traded up $4.06 during midday trading on Wednesday, hitting $153.46. The company's stock had a trading volume of 46,365 shares, compared to its average volume of 110,615. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average price is $162.88 and its 200-day moving average price is $170.81. Enpro has a 12 month low of $133.50 and a 12 month high of $214.58. The company has a market capitalization of $3.23 billion, a PE ratio of 44.32 and a beta of 1.46.

Enpro (NYSE:NPO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm had revenue of $258.40 million for the quarter, compared to analysts' expectations of $250.10 million. During the same period in the previous year, the business earned $1.19 earnings per share. Enpro's revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts anticipate that Enpro will post 7.38 earnings per share for the current fiscal year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.81%. Enpro's dividend payout ratio is 35.84%.

Insider Buying and Selling

In related news, CAO Steven R. Bower sold 997 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Enpro

Institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Enpro during the 1st quarter valued at $32,000. OFI Invest Asset Management acquired a new stake in shares of Enpro during the 4th quarter valued at $60,000. Canada Pension Plan Investment Board acquired a new stake in shares of Enpro during the 4th quarter valued at $69,000. GAMMA Investing LLC boosted its stake in shares of Enpro by 94.5% during the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after buying an additional 242 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Enpro by 786.6% during the 4th quarter. Sterling Capital Management LLC now owns 594 shares of the industrial products company's stock valued at $102,000 after buying an additional 527 shares during the period. Institutional investors and hedge funds 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.