Enpro Inc. $NPO Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in shares of Enpro Inc. (NYSE:NPO) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,686 shares of the industrial products company’s stock after selling 2,662 shares during the quarter. Principal Financial Group Inc. owned 0.48% of Enpro worth $22,981,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NPO. Hsbc Holdings PLC purchased a new position in shares of Enpro in the 2nd quarter valued at about $2,124,000. Congress Asset Management Co. boosted its holdings in Enpro by 2.6% in the third quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock valued at $79,226,000 after purchasing an additional 8,992 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Enpro by 0.9% in the second quarter. Maryland State Retirement & Pension System now owns 6,184 shares of the industrial products company’s stock valued at $1,185,000 after purchasing an additional 58 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in Enpro by 2.9% during the second quarter. Bahl & Gaynor Inc. now owns 35,092 shares of the industrial products company’s stock worth $6,722,000 after purchasing an additional 999 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in Enpro by 83.9% during the second quarter. Kennedy Capital Management LLC now owns 60,565 shares of the industrial products company’s stock worth $11,601,000 after purchasing an additional 27,629 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Enpro Price Performance

Shares of NPO opened at $267.96 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 2.44. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $270.17. The firm has a 50-day simple moving average of $228.66 and a 200-day simple moving average of $223.82. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 65.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.58.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NPO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enpro in a research report on Monday, December 29th. KeyCorp upped their price objective on shares of Enpro from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Finally, Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Enpro Company 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.