Advisory Research Inc. lowered its stake in EnPro Industries, Inc. (NYSE:NPO) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 463,801 shares of the industrial products company’s stock after selling 51,766 shares during the quarter. Advisory Research Inc.’s holdings in EnPro Industries were worth $43,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of EnPro Industries by 321.2% during the 4th quarter. Wells Fargo & Company MN now owns 110,824 shares of the industrial products company’s stock valued at $10,363,000 after acquiring an additional 84,515 shares during the last quarter. First Trust Advisors LP boosted its position in shares of EnPro Industries by 4.5% during the 4th quarter. First Trust Advisors LP now owns 21,210 shares of the industrial products company’s stock valued at $1,983,000 after acquiring an additional 904 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of EnPro Industries by 225.3% during the 4th quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock valued at $223,000 after acquiring an additional 1,654 shares during the last quarter. KBC Group NV boosted its position in shares of EnPro Industries by 105.5% during the 4th quarter. KBC Group NV now owns 12,365 shares of the industrial products company’s stock valued at $1,156,000 after acquiring an additional 6,348 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of EnPro Industries by 3.4% during the 4th quarter. Swiss National Bank now owns 36,400 shares of the industrial products company’s stock valued at $3,404,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.

NPO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday, January 2nd. B. Riley set a $100.00 price target on EnPro Industries and gave the company a “buy” rating in a research report on Tuesday, November 21st. FBR & Co set a $100.00 price target on EnPro Industries and gave the company a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of EnPro Industries in a research report on Friday, October 20th. Finally, Oppenheimer lifted their price target on EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $99.17.

EnPro Industries, Inc. (NYSE:NPO) opened at $83.28 on Wednesday. The firm has a market capitalization of $1,780.00, a PE ratio of 3.61, a P/E/G ratio of 1.48 and a beta of 1.03. The company has a current ratio of 2.27, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65. EnPro Industries, Inc. has a 1-year low of $61.36 and a 1-year high of $94.79.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. research analysts anticipate that EnPro Industries, Inc. will post 2.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from EnPro Industries’s previous quarterly dividend of $0.22. EnPro Industries’s dividend payout ratio (DPR) is currently 3.82%.

EnPro Industries declared that its Board of Directors has authorized a share buyback plan on Monday, October 30th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: “Advisory Research Inc. Has $43.37 Million Holdings in EnPro Industries, Inc. (NPO)” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://theolympiareport.com/2018/02/14/advisory-research-inc-has-43-37-million-holdings-in-enpro-industries-inc-npo.html.

About EnPro Industries

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.

Want to see what other hedge funds are holding NPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EnPro Industries, Inc. (NYSE:NPO).

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

Receive News & Ratings for EnPro Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnPro Industries and related companies with MarketBeat.com's FREE daily email newsletter.