KeyCorp Forecasts Strong Price Appreciation for Enpro (NYSE:NPO) Stock

Enpro (NYSE:NPO) had its price objective hoisted by research analysts at KeyCorp from $180.00 to $220.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s target price would indicate a potential upside of 16.13% from the company’s previous close.

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research report on Tuesday.

Enpro Stock Down 0.7 %

NPO stock opened at $189.45 on Thursday. The firm has a market capitalization of $3.98 billion, a PE ratio of 73.72 and a beta of 1.49. 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 has a twelve month low of $136.68 and a twelve month high of $197.94. The stock’s 50 day moving average is $168.67 and its 200-day moving average is $158.84.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.13). The company 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%. Enpro’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.58 earnings per share. Sell-side analysts expect that Enpro will post 6.89 EPS for the current fiscal year.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of Enpro stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total value of $48,750.00. Following the sale, the chief accounting officer now owns 130 shares of the company’s stock, valued at approximately $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. F M Investments LLC purchased a new position in Enpro in the second quarter valued at approximately $14,315,000. Barclays PLC raised its stake in shares of Enpro by 115.6% in the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company’s stock valued at $9,845,000 after buying an additional 32,544 shares during the period. Renaissance Technologies LLC lifted its position in shares of Enpro by 129.7% during the 2nd quarter. Renaissance Technologies LLC now owns 29,400 shares of the industrial products company’s stock valued at $4,280,000 after buying an additional 16,600 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of Enpro by 4.2% during the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company’s stock worth $50,120,000 after acquiring an additional 12,316 shares during the period. Finally, Citigroup Inc. increased its holdings in Enpro by 80.7% in the 3rd quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company’s stock worth $4,278,000 after acquiring an additional 11,785 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

Enpro Company Profile

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.