Public Sector Pension Investment Board Acquires 10,327 Shares of Enpro Inc. $NPO

Public Sector Pension Investment Board grew its holdings in Enpro Inc. (NYSE:NPO) by 14.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,081 shares of the industrial products company’s stock after purchasing an additional 10,327 shares during the period. Public Sector Pension Investment Board owned approximately 0.39% of Enpro worth $18,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Connable Office Inc. purchased a new position in Enpro in the 3rd quarter valued at approximately $214,000. Johnson Investment Counsel Inc. bought a new position in shares of Enpro in the third quarter worth $225,000. Profund Advisors LLC purchased a new position in shares of Enpro in the third quarter valued at $217,000. Oppenheimer Asset Management Inc. raised its stake in shares of Enpro by 7.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,160 shares of the industrial products company’s stock valued at $3,652,000 after purchasing an additional 1,124 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its stake in shares of Enpro by 7.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 9,636 shares of the industrial products company’s stock valued at $2,178,000 after purchasing an additional 676 shares during the period. 98.31% of the stock is owned by institutional investors.

Enpro Stock Up 0.5%

Shares of NYSE NPO opened at $272.60 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.69 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $233.63 and a 200-day moving average of $226.04. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 66.98, a PEG ratio of 2.07 and a beta of 1.58. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $286.09.

Analysts Set New Price Targets

Several brokerages have commented on NPO. Wall Street Zen upgraded Enpro from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. Finally, KeyCorp upped 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Enpro has a consensus rating of “Moderate Buy” and an average target price 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.