Enpro Inc. (NYSE:NPO) to Issue Quarterly Dividend of $0.31

Enpro Inc. (NYSE:NPO) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.31 per share by the industrial products company on Wednesday, March 19th. This represents a $1.24 dividend on an annualized basis and a yield of 0.65%. This is a positive change from Enpro’s previous quarterly dividend of $0.30.

Enpro has raised its dividend by an average of 3.6% annually over the last three years. Enpro has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Enpro to earn $7.42 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 16.2%.

Enpro Trading Up 1.4 %

Shares of NPO stock opened at $190.14 on Friday. The business’s fifty day moving average price is $178.99 and its 200 day moving average price is $166.57. Enpro has a 1-year low of $136.68 and a 1-year high of $197.94. The firm has a market capitalization of $3.99 billion, a PE ratio of 73.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00.

Analysts Set New Price Targets

NPO has been the topic of a number of recent analyst reports. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp boosted their target price on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer boosted their target price on Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th.

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.