Versor Investments LP Makes New Investment in Enpro Inc. (NYSE:NPO)

Versor Investments LP purchased a new position in Enpro Inc. (NYSE:NPO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,903 shares of the industrial products company’s stock, valued at approximately $846,000.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Enpro in the 3rd quarter worth about $99,000. KBC Group NV lifted its position in shares of Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after buying an additional 130 shares during the last quarter. Vista Finance LLC bought a new position in shares of Enpro in the 4th quarter worth about $204,000. Pacer Advisors Inc. lifted its position in shares of Enpro by 55.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company’s stock worth $209,000 after buying an additional 432 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Enpro in the 3rd quarter worth about $222,000. 98.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 997 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total transaction of $199,061.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

NPO has been the topic of a number of recent research reports. StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp lifted their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer lifted their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, December 16th.

Enpro Trading Down 4.5 %

Shares of NYSE:NPO opened at $186.37 on Friday. The company has a market cap of $3.95 billion, a PE ratio of 53.86 and a beta of 1.49. The company’s 50-day moving average price is $180.85 and its 200 day moving average price is $169.52. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $214.58. The company has a quick ratio of 2.00, a current ratio of 2.59 and a debt-to-equity ratio of 0.44.

Enpro (NYSE:NPO) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Enpro had a net margin of 6.95% and a return on equity of 10.25%. The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate of $250.10 million. During the same period last year, the firm posted $1.19 EPS. Enpro’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from Enpro’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 5th. Enpro’s payout ratio is 35.84%.

Enpro 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.