EnPro Industries (NPO) Shares Bought by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC increased its stake in shares of EnPro Industries (NYSE:NPO) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,756 shares of the industrial products company’s stock after acquiring an additional 3,485 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 1.19% of EnPro Industries worth $20,435,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NPO. Public Employees Retirement System of Ohio raised its stake in EnPro Industries by 5.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 71 shares in the last quarter. Riverhead Capital Management LLC increased its stake in EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 665 shares during the period. SG Americas Securities LLC acquired a new position in EnPro Industries in the third quarter valued at $200,000. Amalgamated Bank increased its stake in EnPro Industries by 3.4% in the second quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 98 shares during the period. Finally, BB&T Securities LLC acquired a new position in EnPro Industries in the second quarter valued at $222,000. Hedge funds and other institutional investors own 92.70% of the company’s stock.

NPO has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. B. Riley set a $100.00 price objective on shares of EnPro Industries and gave the company a “buy” rating in a research note on Tuesday, November 21st. KeyCorp restated a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. FBR & Co restated a “buy” rating and issued a $85.00 price objective on shares of EnPro Industries in a research note on Tuesday, September 12th. Finally, BidaskClub lowered shares of EnPro Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $91.25.

EnPro Industries (NYSE:NPO) traded down $1.21 during midday trading on Wednesday, reaching $87.25. 124,000 shares of the company’s stock were exchanged, compared to its average volume of 113,265. The company has a current ratio of 2.27, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1,886.47, a price-to-earnings ratio of 49.70, a PEG ratio of 2.32 and a beta of 1.18. EnPro Industries has a one year low of $61.36 and a one year high of $89.58.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The business had revenue of $343.70 million during the quarter, compared to analyst estimates of $324.00 million. EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. research analysts anticipate that EnPro Industries will post 2.51 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Tuesday, December 5th. EnPro Industries’s payout ratio is 3.82%.

EnPro Industries announced that its Board of Directors has authorized a stock buyback plan on Monday, October 30th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other news, insider Stephen E. Macadam sold 25,000 shares of EnPro Industries stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $84.06, for a total value of $2,101,500.00. Following the sale, the insider now owns 194,447 shares of the company’s stock, valued at $16,345,214.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

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EnPro Industries Profile

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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