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

Versor Investments LP acquired a new position in Enpro Inc. (NYSE:NPO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,903 shares of the industrial products company’s stock, valued at approximately $846,000.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Enpro in the 3rd quarter worth approximately $99,000. KBC Group NV grew its stake 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 purchasing an additional 130 shares during the last quarter. Vista Finance LLC acquired a new position in shares of Enpro in the 4th quarter worth approximately $204,000. Pacer Advisors Inc. grew its stake 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 purchasing an additional 432 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Enpro in the 3rd quarter worth approximately $222,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Price Performance

NYSE NPO opened at $186.37 on Friday. The company has a current ratio of 2.59, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $180.85 and a 200 day simple moving average of $169.52. The company has a market cap of $3.95 billion, a P/E ratio of 53.86 and a beta of 1.49. Enpro Inc. has a 1 year low of $136.68 and a 1 year high of $214.58.

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

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.67%. The ex-dividend date is Wednesday, March 5th. This is a boost from Enpro’s previous quarterly dividend of $0.30. Enpro’s dividend payout ratio (DPR) is presently 35.84%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com cut shares of Enpro from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp upped their price objective on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Oppenheimer upped their price objective on shares of Enpro from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, December 16th.

Insider Buying and Selling at Enpro

In other Enpro news, CAO Steven R. Bower sold 997 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $199.66, for a total value of $199,061.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.