Enpro (NYSE:NPO) Lowered to “Hold” Rating by StockNews.com

Enpro (NYSE:NPO) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms have also recently issued reports on NPO. KeyCorp boosted their price objective on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer upped their price target on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday.

Enpro Stock Down 2.1 %

Shares of NPO stock opened at $187.20 on Wednesday. Enpro has a 12 month low of $136.68 and a 12 month high of $197.94. The firm has a market cap of $3.93 billion, a PE ratio of 72.84 and a beta of 1.49. The stock has a 50 day moving average of $169.28 and a 200-day moving average of $159.33. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.43.

Enpro (NYSE:NPO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The firm had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. On average, equities analysts predict that Enpro will post 6.89 EPS for the current year.

Insider Transactions at Enpro

In related news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now directly owns 130 shares of the company’s stock, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enpro

Institutional investors and hedge funds have recently modified their holdings of the business. Innealta Capital LLC bought a new stake in Enpro in the second quarter valued at approximately $48,000. GAMMA Investing LLC increased its position in shares of Enpro by 168.1% during the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. increased its position in shares of Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 411 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Enpro during the third quarter worth $99,000. Finally, KBC Group NV increased its position in shares of Enpro by 24.3% during the third quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 130 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

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.