EnPro Industries, Inc. (NYSE:NPO) Announces Quarterly Dividend of $0.28 | MarketBeat

2022-07-31 12:02:34 By : Ms. Candice Lian

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EnPro Industries, Inc. (NYSE:NPO - Get Rating) announced a quarterly dividend on Wednesday, July 27th, Zacks reports. Investors of record on Wednesday, August 31st will be given a dividend of 0.28 per share by the industrial products company on Wednesday, September 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, August 30th.

EnPro Industries has a payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect EnPro Industries to earn $7.66 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 14.6%. EnPro Industries Price Performance

NPO stock opened at $91.67 on Friday. The stock has a 50-day moving average price of $87.61 and a two-hundred day moving average price of $97.12. The stock has a market cap of $1.91 billion, a PE ratio of 10.87 and a beta of 1.39. The company has a current ratio of 1.77, a quick ratio of 1.35 and a debt-to-equity ratio of 0.73. EnPro Industries has a 1 year low of $76.14 and a 1 year high of $117.63.

EnPro Industries (NYSE:NPO - Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The industrial products company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.23. EnPro Industries had a net margin of 14.73% and a return on equity of 10.47%. The company had revenue of $328.70 million during the quarter, compared to the consensus estimate of $298.23 million. During the same period in the prior year, the business posted $1.37 EPS. The company's quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts forecast that EnPro Industries will post 6.94 EPS for the current fiscal year. Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NPO shares. KeyCorp cut their target price on shares of EnPro Industries from $132.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday, July 12th. StockNews.com upgraded shares of EnPro Industries from a "hold" rating to a "buy" rating in a research report on Monday, May 16th.Institutional Investors Weigh In On EnPro Industries

Several hedge funds have recently bought and sold shares of NPO. Capital International Investors lifted its position in EnPro Industries by 63.6% during the first quarter. Capital International Investors now owns 1,432,727 shares of the industrial products company's stock worth $140,020,000 after acquiring an additional 556,751 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of EnPro Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 2,238,096 shares of the industrial products company's stock worth $218,729,000 after purchasing an additional 35,018 shares during the period. State Street Corp increased its holdings in shares of EnPro Industries by 3.7% during the first quarter. State Street Corp now owns 731,449 shares of the industrial products company's stock worth $71,485,000 after purchasing an additional 25,921 shares during the period. BlackRock Inc. increased its holdings in shares of EnPro Industries by 0.5% during the first quarter. BlackRock Inc. now owns 3,313,367 shares of the industrial products company's stock worth $323,814,000 after purchasing an additional 17,170 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of EnPro Industries by 12.5% during the first quarter. Bank of America Corp DE now owns 113,333 shares of the industrial products company's stock worth $11,076,000 after purchasing an additional 12,603 shares during the period. 94.26% of the stock is currently owned by institutional investors and hedge funds. About EnPro Industries (Get Rating)

EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.Read MoreGet a free copy of the StockNews.com research report on EnPro Industries (NPO)Windfall Profits Have Exxon Mobil On Track For New HighsAdobe Stock, Why some investors are bullish, and others are notWas The Market Wrong On Etsy Again, As Shares Gain Post Earnings?Is Google The Buy Of The Summer?Should CVS Health Be in Your Portfolio?

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