Envestnet Asset Management Inc. Sells 3,267 Shares of Enpro Inc. $NPO

Envestnet Asset Management Inc. trimmed its stake in Enpro Inc. (NYSE:NPO) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,826 shares of the industrial products company’s stock after selling 3,267 shares during the period. Envestnet Asset Management Inc. owned approximately 0.34% of Enpro worth $16,233,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Westfuller Advisors LLC purchased a new stake in shares of Enpro during the third quarter valued at about $25,000. Huntington National Bank lifted its position in Enpro by 106.3% during the second quarter. Huntington National Bank now owns 165 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares during the last quarter. Private Trust Co. NA lifted its position in Enpro by 98.6% during the third quarter. Private Trust Co. NA now owns 147 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 73 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Enpro by 236.4% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 104 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Enpro by 36.2% in the second quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 98.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enpro Trading Up 0.5%

NYSE NPO opened at $272.60 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.44 and a quick ratio of 1.69. The stock has a market capitalization of $5.74 billion, a P/E ratio of 66.98, a PEG ratio of 2.07 and a beta of 1.58. The firm’s 50-day moving average is $233.63 and its two-hundred day moving average is $226.13. Enpro Inc. has a 12 month low of $133.50 and a 12 month high of $286.09.

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.