Pacer Advisors Inc. Grows Stock Holdings in Enpro Inc. (NYSE:NPO)

Pacer Advisors Inc. grew its stake in Enpro Inc. (NYSE:NPO) by 55.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,212 shares of the industrial products company’s stock after purchasing an additional 432 shares during the period. Pacer Advisors Inc.’s holdings in Enpro were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Enpro by 168.1% in the 3rd quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. increased its position in Enpro by 357.4% during the third quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Enpro during the third quarter worth about $99,000. KBC Group NV boosted its holdings in Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 130 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new stake in shares of Enpro in the 3rd quarter valued at approximately $200,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Insider Activity at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the sale, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. This represents a 69.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by company insiders.

Enpro Stock Performance

NYSE:NPO opened at $184.51 on Wednesday. Enpro Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $197.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.00 and a current ratio of 2.76. The company has a 50 day moving average price of $179.14 and a 200 day moving average price of $165.64. The stock has a market capitalization of $3.87 billion, a P/E ratio of 71.79 and a beta of 1.49.

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 analysts’ consensus estimates of $1.87 by ($0.13). Enpro had a net margin of 5.20% and a return on equity of 9.71%. The firm had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. During the same period in the previous year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts forecast that Enpro Inc. will post 6.89 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on NPO. Oppenheimer lifted their price target 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. StockNews.com lowered Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, KeyCorp raised their price objective on Enpro from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th.

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.