Cookson Peirce & Co. Inc. Makes New Investment in Enpro Inc. $NPO

Cookson Peirce & Co. Inc. purchased a new position in Enpro Inc. (NYSE:NPO) in the third quarter, HoldingsChannel.com reports. The fund purchased 5,651 shares of the industrial products company’s stock, valued at approximately $1,277,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wasatch Advisors LP increased its position in Enpro by 34.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,065,791 shares of the industrial products company’s stock worth $204,152,000 after purchasing an additional 270,909 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Enpro by 1,651.9% during the 2nd quarter. Alliancebernstein L.P. now owns 409,798 shares of the industrial products company’s stock worth $78,497,000 after purchasing an additional 386,406 shares during the last quarter. Congress Asset Management Co. boosted its stake in shares of Enpro by 2.6% during the 3rd quarter. Congress Asset Management Co. now owns 350,557 shares of the industrial products company’s stock worth $79,226,000 after purchasing an additional 8,992 shares during the last quarter. Tributary Capital Management LLC grew its holdings in shares of Enpro by 90.2% during the third quarter. Tributary Capital Management LLC now owns 319,740 shares of the industrial products company’s stock worth $72,261,000 after buying an additional 151,661 shares in the last quarter. Finally, Bamco Inc. NY raised its position in shares of Enpro by 23.0% in the second quarter. Bamco Inc. NY now owns 287,128 shares of the industrial products company’s stock valued at $54,999,000 after buying an additional 53,713 shares during the last quarter. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NPO. KeyCorp raised their target price on shares of Enpro from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Wall Street Zen raised Enpro from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated 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 assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Enpro has a consensus rating of “Moderate Buy” and an average target price of $250.00.

Enpro Stock Performance

NYSE:NPO opened at $272.60 on Friday. The company has a market cap of $5.74 billion, a P/E ratio of 66.98, a P/E/G ratio of 2.06 and a beta of 1.58. The firm’s 50 day moving average is $233.63 and its two-hundred day moving average is $225.96. Enpro Inc. has a fifty-two week low of $133.50 and a fifty-two 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.

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.