Jennison Associates LLC reduced its position in Enpro Inc. (NYSE:NPO - Free Report) by 82.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,832 shares of the industrial products company's stock after selling 196,827 shares during the period. Jennison Associates LLC owned approximately 0.19% of Enpro worth $7,041,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its stake in shares of Enpro by 115.6% in the third quarter. Barclays PLC now owns 60,694 shares of the industrial products company's stock valued at $9,845,000 after buying an additional 32,544 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of Enpro by 4.2% in the 3rd quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company's stock worth $50,120,000 after acquiring an additional 12,316 shares during the last quarter. Citigroup Inc. lifted its position in Enpro by 80.7% in the 3rd quarter. Citigroup Inc. now owns 26,381 shares of the industrial products company's stock valued at $4,278,000 after acquiring an additional 11,785 shares in the last quarter. FMR LLC boosted its stake in Enpro by 0.9% during the 3rd quarter. FMR LLC now owns 1,241,736 shares of the industrial products company's stock valued at $201,385,000 after purchasing an additional 11,643 shares during the last quarter. Finally, State Street Corp increased its holdings in Enpro by 1.1% during the 3rd quarter. State Street Corp now owns 807,572 shares of the industrial products company's stock worth $130,972,000 after purchasing an additional 9,127 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.
Analyst Upgrades and Downgrades
NPO has been the topic of a number of recent research reports. StockNews.com lowered Enpro from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Oppenheimer raised their price objective 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 upped their target price on shares of Enpro from $180.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th.
Check Out Our Latest Research Report on NPO
Enpro Stock Performance
Shares of NYSE NPO traded down $1.87 during midday trading on Friday, reaching $188.17. The company's stock had a trading volume of 79,783 shares, compared to its average volume of 94,570. 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 stock has a market capitalization of $3.95 billion, a P/E ratio of 73.22 and a beta of 1.49. The firm has a 50 day moving average price of $179.17 and a 200-day moving average price of $166.13. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $197.94.
Insiders Place Their Bets
In other Enpro news, CAO Steven R. Bower sold 300 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $162.50, for a total value of $48,750.00. Following the sale, the chief accounting officer now directly owns 130 shares in the company, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company's stock.
About Enpro
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Free Report)
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.
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