Cookson Peirce & Co. Inc. Acquires New Stake in Enpro Inc. $NPO

Cookson Peirce & Co. Inc. acquired a new stake in Enpro Inc. (NYSE:NPO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,651 shares of the industrial products company’s stock, valued at approximately $1,277,000.

Several other hedge funds also recently made changes to their positions in NPO. EverSource Wealth Advisors LLC boosted its holdings in shares of Enpro by 36.2% in the second quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 51 shares in the last quarter. Vista Finance LLC boosted its holdings in Enpro by 4.1% in the 2nd quarter. Vista Finance LLC now owns 1,319 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 52 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Enpro by 25.4% in the 3rd quarter. Bessemer Group Inc. now owns 291 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 59 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Enpro by 2.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,702 shares of the industrial products company’s stock worth $611,000 after purchasing an additional 61 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Enpro by 3.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,957 shares of the industrial products company’s stock worth $375,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Enpro Trading Up 0.5%

NYSE:NPO opened at $272.60 on Friday. Enpro Inc. has a 52-week low of $133.50 and a 52-week high of $286.09. The company has a quick ratio of 1.69, a current ratio of 2.44 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $233.63 and a 200-day simple moving average of $225.96. The company has a market capitalization of $5.74 billion, a PE ratio of 66.98, a price-to-earnings-growth ratio of 2.06 and a beta of 1.58.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NPO. KeyCorp lifted their price target on Enpro from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Wall Street Zen upgraded shares of Enpro from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enpro in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.00.

About Enpro

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.