Ameriprise Financial Inc. increased its position in shares of EnPro Industries (NYSE:NPO) by 10.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 241,043 shares of the industrial products company’s stock after purchasing an additional 22,775 shares during the quarter. Ameriprise Financial Inc. owned 1.13% of EnPro Industries worth $17,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its holdings in EnPro Industries by 5.0% in the first 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 during the last quarter. Texas Permanent School Fund raised its holdings in shares of EnPro Industries by 0.6% during the second quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock valued at $1,113,000 after buying an additional 90 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of EnPro Industries by 3.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock valued at $361,000 after buying an additional 170 shares during the last quarter. Aperio Group LLC boosted its position in shares of EnPro Industries by 2.3% during the second quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock worth $588,000 after buying an additional 189 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of EnPro Industries by 1.8% during the first quarter. Arizona State Retirement System now owns 11,197 shares of the industrial products company’s stock worth $797,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 94.47% of the company’s stock.

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

Shares of EnPro Industries (NPO) opened at 81.51 on Wednesday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 95.44 and a beta of 1.15. EnPro Industries has a 12-month low of $52.00 and a 12-month high of $81.60. The company has a 50-day moving average price of $73.13 and a 200 day moving average price of $70.86.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, September 1st. EnPro Industries’s payout ratio is 103.53%.

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Several research firms recently weighed in on NPO. BidaskClub raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. FBR & Co restated an “outperform” rating on shares of EnPro Industries in a report on Tuesday, July 11th. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research lowered EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. EnPro Industries has a consensus rating of “Buy” and a consensus price target of $83.33.

EnPro Industries Company 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.

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

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