Jennison Associates LLC Has $7.04 Million Stock Holdings in Enpro Inc. (NYSE:NPO)

Jennison Associates LLC decreased its stake in Enpro Inc. (NYSE:NPO) by 82.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,832 shares of the industrial products company’s stock after selling 196,827 shares during the quarter. Jennison Associates LLC owned 0.19% of Enpro worth $7,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Enpro by 168.1% during 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 in the last quarter. Blue Trust Inc. lifted its position in shares of Enpro by 357.4% in 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 acquired a new position in Enpro in the 3rd quarter worth approximately $99,000. KBC Group NV grew its position in Enpro by 24.3% during the 3rd quarter. KBC Group NV now owns 664 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 130 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Enpro by 55.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,212 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 432 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 300 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $162.50, for a total transaction of $48,750.00. Following the transaction, the chief accounting officer now owns 130 shares in the company, valued at approximately $21,125. The trade was a 69.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Enpro Trading Up 1.8 %

Enpro stock opened at $188.10 on Thursday. Enpro Inc. has a one year low of $136.68 and a one year high of $197.94. The company’s fifty day moving average price is $179.14 and its two-hundred day moving average price is $165.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.76 and a quick ratio of 2.00. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 73.19 and a beta of 1.49.

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

Enpro Company Profile

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.