Bank of New York Mellon Corp Has $21.72 Million Stake in EnPro Industries (NPO)

Bank of New York Mellon Corp reduced its stake in EnPro Industries (NYSE:NPO) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,252 shares of the industrial products company’s stock after selling 13,951 shares during the period. Bank of New York Mellon Corp owned approximately 1.42% of EnPro Industries worth $21,715,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of EnPro Industries by 30.3% in the first quarter. Bank of America Corp DE now owns 110,929 shares of the industrial products company’s stock worth $7,894,000 after acquiring an additional 25,769 shares during the period. Vanguard Group Inc. boosted its holdings in shares of EnPro Industries by 4.7% in the first quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock worth $135,399,000 after acquiring an additional 85,493 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of EnPro Industries by 31.1% in the first quarter. Renaissance Technologies LLC now owns 144,300 shares of the industrial products company’s stock worth $10,268,000 after acquiring an additional 34,200 shares during the period. US Bancorp DE boosted its holdings in shares of EnPro Industries by 8.4% in the first quarter. US Bancorp DE now owns 14,845 shares of the industrial products company’s stock worth $1,057,000 after acquiring an additional 1,150 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of EnPro Industries by 22.4% in the second quarter. Sei Investments Co. now owns 22,205 shares of the industrial products company’s stock worth $1,584,000 after acquiring an additional 4,066 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Shares of EnPro Industries (NYSE:NPO) opened at 74.63 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 87.39 and a beta of 1.10. The company’s 50-day moving average price is $71.65 and its 200 day moving average price is $69.67. EnPro Industries has a 1-year low of $52.00 and a 1-year high of $77.65.

EnPro Industries (NYSE:NPO) last issued its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.35). The firm had revenue of $347.00 million during the quarter, compared to the consensus estimate of $347.13 million. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. On average, analysts predict that EnPro Industries will post $2.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, September 1st. EnPro Industries’s dividend payout ratio is currently 103.53%.

A number of research firms have recently commented on NPO. FBR & Co reaffirmed a “buy” rating and issued a $85.00 price target on shares of EnPro Industries in a report on Tuesday. Zacks Investment Research raised EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 price target for the company in a report on Friday, September 1st. BidaskClub lowered EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Finally, TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. EnPro Industries currently has a consensus rating of “Buy” and an average price target of $83.33.

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In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total transaction of $156,095.16. Following the completion of the transaction, the insider now owns 9,000 shares of the company’s stock, valued at approximately $654,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

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.

Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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