Versor Investments LP Acquires Stake in Enpro Inc.

Versor Investments LP made a new investment in Enpro Inc. (NYSE:NPO - Free Report) during the fourth quarter, as revealed in its recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,903 shares of Enpro's stock, which is valued at approximately $846,000.

In addition to Versor Investments LP, several other significant investors have also adjusted their stakes in Enpro. For instance, Wilmington Savings Fund Society FSB initiated a new position in Enpro in the third quarter, investing around $99,000. KBC Group NV increased its holdings by 24.3% during the same quarter, owning a total of 664 shares worth $108,000 after acquiring an additional 130 shares. Vista Finance LLC also established a new position in the fourth quarter, amounting to roughly $204,000. Meanwhile, Pacer Advisors Inc. boosted its holdings in Enpro by 55.4% in the fourth quarter, bringing its total to 1,212 shares worth $209,000 after purchasing 432 more shares. Verition Fund Management LLC joined the ranks of new investors in the third quarter with an investment of about $222,000. These institutional investors together control approximately 98.31% of Enpro's stock.

Insider Transactions

In addition to institutional investments, there have been notable insider transactions at Enpro. Recently, Chief Accounting Officer Steven R. Bower sold 997 shares of the company's stock on February 25th at an average price of $199.66, totaling $199,061.02. This transaction was disclosed in an SEC filing. Insiders currently hold about 1.60% of Enpro's stock.

Analyst Ratings and Price Targets

Enpro has been the subject of various research reports recently. StockNews.com downgraded shares of Enpro from a "buy" rating to a "hold" rating on December 18th. On December 12th, KeyCorp raised their price target from $180 to $220 and assigned a rating of "overweight" to the stock. Similarly, Oppenheimer increased their price target from $170 to $215, giving it an "outperform" rating.

Stock Performance

As of the last trading day, shares of NYSE:NPO opened at $186.37. Enpro has a market capitalization of $3.95 billion, a price-to-earnings (PE) ratio of 53.86, and a beta of 1.49. Its 50-day moving average stands at $180.85 and its 200-day moving average at $169.52. Enpro's stock has ranged from a low of $136.68 to a high of $214.58 over the past year. 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 recently reported its quarterly earnings on February 19th, where it achieved earnings per share (EPS) of $1.57, surpassing analysts' consensus estimate of $1.47 by $0.10. The company reported a net margin of 6.95% and a return on equity of 10.25%. Revenue for the quarter was $258.40 million compared to the expected $250.10 million, marking an increase of 3.7% from the same quarter last year. Analysts anticipate that Enpro Inc. will report an annual EPS of 7.38.

Dividend Increase Announcement

Additionally, Enpro recently announced a quarterly dividend to be paid on March 19th. Shareholders who are on record by March 5th will receive a dividend of $0.31 per share, translating to an annualized dividend of $1.24 and a dividend yield of 0.67%. This is an increase from Enpro's previous quarterly dividend of $0.30. The ex-dividend date is also set for March 5th, and the company's payout ratio is 35.84%.

Company Overview

Enpro Inc. designs, develops, manufactures, and markets unique products and solutions that protect critical environments across the United States, Europe, and internationally. The company operates through two segments: Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment includes single-use hygienic seals, tubing, components and assemblies, metal and non-metal gaskets, dynamic seals, compression packing, hydraulic components, and expansion joints. These products serve various industries such as chemical processing, nuclear energy, food and biopharmaceutical processing, aerospace, and semiconductor manufacturing.

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