Enpro Inc. $NPO Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Enpro Inc. (NYSE:NPO) by 2.6% during the 3rd quarter, Holdings Channel reports. The fund owned 101,686 shares of the industrial products company’s stock after selling 2,662 shares during the quarter. Principal Financial Group Inc.’s holdings in Enpro were worth $22,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NPO. Westfuller Advisors LLC purchased a new stake in Enpro in the 3rd quarter valued at approximately $25,000. Huntington National Bank lifted its holdings in shares of Enpro by 106.3% in the 2nd quarter. Huntington National Bank now owns 165 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares during the period. Private Trust Co. NA boosted its stake in shares of Enpro by 98.6% in the third quarter. Private Trust Co. NA now owns 147 shares of the industrial products company’s stock valued at $33,000 after buying an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Enpro by 36.2% in the second quarter. EverSource Wealth Advisors LLC now owns 192 shares of the industrial products company’s stock valued at $37,000 after buying an additional 51 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Enpro during the second quarter worth $42,000. 98.31% of the stock is owned by hedge funds and other institutional investors.

Enpro Stock Performance

NYSE:NPO opened at $267.96 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.69 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.64 billion, a P/E ratio of 65.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.58. The firm has a 50-day moving average price of $228.66 and a two-hundred day moving average price of $223.82. Enpro Inc. has a twelve month low of $133.50 and a twelve month high of $270.17.

Wall Street Analyst Weigh In

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

About Enpro

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.