EnPro Industries, Inc. (NYSE:NPO) insider Stephen E. Macadam sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $72.21, for a total value of $1,083,150.00. Following the completion of the transaction, the insider now directly owns 234,447 shares in the company, valued at approximately $16,929,417.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
EnPro Industries (NYSE:NPO) last announced its earnings results on Monday, May 1st. The industrial products company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.62 by $0.18. The business had revenue of $295.80 million during the quarter, compared to analyst estimates of $303.63 million. EnPro Industries had a positive return on equity of 7.81% and a negative net margin of 2.50%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.15) earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, May 30th. EnPro Industries’s payout ratio is currently -60.00%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in EnPro Industries by 2,414.5% in the third quarter. JPMorgan Chase & Co. now owns 49,888 shares of the industrial products company’s stock valued at $2,835,000 after buying an additional 47,904 shares during the period. Renaissance Technologies LLC boosted its position in EnPro Industries by 16.9% in the fourth quarter. Renaissance Technologies LLC now owns 110,100 shares of the industrial products company’s stock valued at $7,416,000 after buying an additional 15,900 shares during the period. Comerica Bank boosted its position in EnPro Industries by 28.5% in the fourth quarter. Comerica Bank now owns 110,937 shares of the industrial products company’s stock valued at $7,508,000 after buying an additional 24,593 shares during the period. Thrivent Financial for Lutherans boosted its position in EnPro Industries by 139.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,190 shares of the industrial products company’s stock valued at $1,765,000 after buying an additional 15,230 shares during the period. Finally, BlackRock Group LTD boosted its position in EnPro Industries by 4.9% in the third quarter. BlackRock Group LTD now owns 33,616 shares of the industrial products company’s stock valued at $1,910,000 after buying an additional 1,581 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.
A number of analysts recently weighed in on the company. Wunderlich assumed coverage on EnPro Industries in a research note on Wednesday, March 22nd. They issued a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th.
About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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