Enpro (NYSE:NPO) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Enpro (NYSE:NPO – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

NPO has been the topic of several other reports. JPMorgan Chase & Co. boosted their price target on Enpro from $430.00 to $440.00 and gave the company an “overweight” rating in a research note on Wednesday. KeyCorp upped their price target on Enpro from $345.00 to $370.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Zacks Research downgraded Enpro from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Finally, Weiss Ratings lowered Enpro from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $365.00.

Check Out Our Latest Research Report on NPO

Enpro Stock Performance

NYSE NPO opened at $258.14 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.12 and a quick ratio of 1.43. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 88.41, a P/E/G ratio of 1.76 and a beta of 1.64. The company’s fifty day moving average is $294.21 and its two-hundred day moving average is $296.56. Enpro has a 52-week low of $202.00 and a 52-week high of $390.42.

Enpro (NYSE:NPO – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.24. The company had revenue of $350.80 million for the quarter, compared to the consensus estimate of $334.04 million. Enpro had a net margin of 4.88% and a return on equity of 12.55%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Equities research analysts forecast that Enpro will post 9.78 EPS for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 2nd. Enpro’s payout ratio is 43.84%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its position in shares of Enpro by 2.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,716 shares of the industrial products company’s stock worth $647,000 after purchasing an additional 34 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Enpro by 2.0% during the 1st quarter. First Citizens Bank & Trust Co. now owns 1,780 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 35 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Enpro by 58.3% in the 3rd quarter. Mather Group LLC. now owns 95 shares of the industrial products company’s stock valued at $29,000 after buying an additional 35 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Enpro by 4.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 977 shares of the industrial products company’s stock valued at $299,000 after buying an additional 39 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of Enpro by 2.2% in the 3rd quarter. Lido Advisors LLC now owns 2,217 shares of the industrial products company’s stock valued at $679,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro News Roundup

Here are the key news stories impacting Enpro this week:

Enpro Company Profile

(Get Free Report)

Enpro Inc (NYSE:NPO) is an industrial technology company that designs and manufactures engineered products for demanding applications. Its offerings are used in industries including semiconductor manufacturing, aerospace, power generation, chemical processing, oil and gas, and general industrial markets, where reliability, precision, and resistance to heat, pressure, and corrosive environments are important.

Enpro operates through businesses focused on sealing technologies and advanced surface technologies.

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Analyst Recommendations for Enpro (NYSE:NPO)

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