Versor Investments LP Invests $846,000 in Enpro Inc. (NYSE:NPO)

Versor Investments LP acquired a new stake in Enpro Inc. (NYSE:NPO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,903 shares of the industrial products company's stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC grew its position in shares of Enpro by 115.6% in the 3rd 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 during the last quarter. Proficio Capital Partners LLC acquired a new position in Enpro in the fourth quarter valued at $2,379,000. Congress Asset Management Co. grew its holdings in shares of Enpro by 4.2% during the third quarter. Congress Asset Management Co. now owns 309,042 shares of the industrial products company's stock worth $50,120,000 after purchasing an additional 12,316 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Enpro by 112.0% during the fourth quarter. New York State Common Retirement Fund now owns 23,202 shares of the industrial products company's stock worth $4,001,000 after purchasing an additional 12,258 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of 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 purchasing an additional 11,785 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CAO Steven R. Bower sold 997 shares of Enpro stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $199.66, for a total value 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 currently owned by insiders.

Enpro Stock Performance

NPO traded down $3.79 on Monday, hitting $178.29. 151,521 shares of the company traded hands, compared to its average volume of 113,882. The company has a 50 day moving average of $181.02 and a 200-day moving average of $170.03. Enpro Inc. has a 12-month low of $136.68 and a 12-month high of $214.58. The stock has a market capitalization of $3.78 billion, a PE ratio of 51.53 and a beta of 1.49. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $250.10 million. Enpro had a return on equity of 10.25% and a net margin of 6.95%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. Sell-side analysts anticipate that Enpro Inc. will post 7.38 earnings per share for the current year.

Enpro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Enpro's previous quarterly dividend of $0.30. Enpro's payout ratio is currently 35.84%.

Enpro Company 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.