OLD National Bancorp IN Lowers Stake in Enpro Inc. (NYSE:NPO)

OLD National Bancorp IN trimmed its position in Enpro Inc. (NYSE:NPO) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,176 shares of the industrial products company’s stock after selling 59 shares during the quarter. OLD National Bancorp IN’s holdings in Enpro were worth $203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Enpro by 168.1% in the third quarter. GAMMA Investing LLC now owns 319 shares of the industrial products company’s stock valued at $52,000 after buying an additional 200 shares during the period. Blue Trust Inc. lifted its holdings in shares of Enpro by 357.4% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 411 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Enpro during the 3rd quarter worth $99,000. KBC Group NV increased its holdings in Enpro by 24.3% in the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 130 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Enpro in the second quarter valued at about $203,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NPO has been the topic of several analyst reports. StockNews.com downgraded Enpro from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Oppenheimer boosted their target price on shares of Enpro from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, KeyCorp raised their price target on shares of Enpro from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, December 12th.

Insider Transactions at Enpro

In other Enpro news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the completion of the sale, the chief accounting officer now owns 130 shares in the company, valued at $21,125. The trade was a 69.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.

Enpro Stock Performance

Enpro stock opened at $185.67 on Monday. The stock has a market cap of $3.90 billion, a P/E ratio of 72.25 and a beta of 1.50. The stock has a 50 day moving average of $179.32 and a 200-day moving average of $165.33. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. Enpro Inc. has a 52 week low of $136.68 and a 52 week high of $197.94.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The company had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. Enpro had a net margin of 5.20% and a return on equity of 9.71%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 EPS. On average, analysts expect that Enpro Inc. will post 6.89 EPS for the current fiscal year.

About Enpro

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.