Public Sector Pension Investment Board Boosts Stock Position in Enpro Inc. $NPO

Public Sector Pension Investment Board grew its position in shares of Enpro Inc. (NYSE:NPO) by 14.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 82,081 shares of the industrial products company’s stock after acquiring an additional 10,327 shares during the period. Public Sector Pension Investment Board’s holdings in Enpro were worth $18,550,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hsbc Holdings PLC bought a new stake in shares of Enpro in the 2nd quarter valued at about $2,124,000. Congress Asset Management Co. grew its position in Enpro by 2.6% during the 3rd quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock worth $79,226,000 after acquiring an additional 8,992 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in Enpro by 2.9% in the 2nd quarter. Bahl & Gaynor Inc. now owns 35,092 shares of the industrial products company’s stock worth $6,722,000 after purchasing an additional 999 shares during the period. Kennedy Capital Management LLC lifted its position in Enpro by 83.9% in the second quarter. Kennedy Capital Management LLC now owns 60,565 shares of the industrial products company’s stock valued at $11,601,000 after purchasing an additional 27,629 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Enpro in the second quarter valued at approximately $1,513,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Stock Performance

NYSE:NPO opened at $272.60 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.44 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $233.63 and its 200 day simple moving average is $226.04. The stock has a market cap of $5.74 billion, a P/E ratio of 66.98, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $286.09.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. KeyCorp raised their target price on shares of Enpro from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Enpro from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Enpro has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.

Enpro Profile

Enpro Group, Inc (NYSE: NPO) is a global industrial technology company specializing in engineered products designed to perform in critical and harsh environments. The company’s product portfolio spans proprietary bearing materials and surface enhancement technologies, high-performance sealing solutions, and fluid handling components. Enpro’s offerings are tailored for markets such as semiconductor manufacturing, aerospace, energy, chemical processing, life sciences and general industrial applications.

Formed in December 2002 as a spin-off from the aerospace and defense supplier Goodrich Corporation, Enpro has grown through a combination of targeted acquisitions and focused organic investment in research and development.