Copeland Capital Management LLC Decreases Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Copeland Capital Management LLC reduced its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,420,792 shares of the industrial products company’s stock after selling 76,720 shares during the quarter. NAPCO Security Technologies accounts for 1.3% of Copeland Capital Management LLC’s portfolio, making the stock its 23rd largest position. Copeland Capital Management LLC’s holdings in NAPCO Security Technologies were worth $59,247,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NSSC. Fundsmith LLP grew its stake in NAPCO Security Technologies by 86.4% during the third quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock worth $76,445,000 after buying an additional 824,945 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in NAPCO Security Technologies by 668.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock worth $36,986,000 after buying an additional 749,065 shares during the period. First Trust Advisors LP purchased a new stake in NAPCO Security Technologies during the third quarter worth approximately $24,305,000. Millennium Management LLC grew its stake in NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after buying an additional 295,755 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in NAPCO Security Technologies by 75.8% during the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after buying an additional 254,007 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NAPCO Security Technologies has a consensus rating of “Moderate Buy” and an average target price of $47.83.

NAPCO Security Technologies Trading Down 0.9%

Shares of NSSC stock opened at $44.88 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of 33.74 and a beta of 1.48. The firm has a fifty day simple moving average of $43.08 and a 200-day simple moving average of $42.11. NAPCO Security Technologies, Inc. has a twelve month low of $22.04 and a twelve month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $48.17 million during the quarter, compared to the consensus estimate of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. Equities research analysts predict that NAPCO Security Technologies, Inc. will post 1.46 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 12th. NAPCO Security Technologies’s payout ratio is currently 45.11%.

Insider Buying and Selling at NAPCO Security Technologies

In other news, CEO Richard Soloway sold 150,000 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $42.74, for a total value of $6,411,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,256,010 shares in the company, valued at approximately $53,681,867.40. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.