Enpro Inc. (NYSE:NPO) Plans Quarterly Dividend of $0.31

Enpro Inc. (NYSE:NPO) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.31 per share by the industrial products company on Wednesday, March 19th. This represents a $1.24 annualized dividend and a yield of 0.65%. This is a positive change from Enpro’s previous quarterly dividend of $0.30.

Enpro has increased its dividend by an average of 3.6% annually over the last three years. Enpro has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Enpro to earn $7.42 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 16.2%.

Enpro Stock Performance

Shares of NYSE:NPO opened at $190.14 on Friday. The firm has a market capitalization of $3.99 billion, a PE ratio of 73.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. The business has a 50-day moving average of $178.99 and a two-hundred day moving average of $166.57. Enpro has a 12 month low of $136.68 and a 12 month high of $197.94.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Oppenheimer increased their target price on Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, KeyCorp increased their target price on Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th.

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.