Handelsbanken Fonder AB Decreases Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Handelsbanken Fonder AB lowered its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 25.0% in the 4th quarter, HoldingsChannel reports. The firm owned 570,000 shares of the industrial products company’s stock after selling 190,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Napco Security Technologies were worth $19,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NSSC. Copeland Capital Management LLC purchased a new stake in shares of Napco Security Technologies during the 3rd quarter worth approximately $28,000. RiverPark Advisors LLC grew its stake in Napco Security Technologies by 80.1% in the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock valued at $57,000 after buying an additional 743 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Napco Security Technologies in the 3rd quarter valued at approximately $101,000. Allworth Financial LP grew its stake in Napco Security Technologies by 19.9% in the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock valued at $114,000 after buying an additional 550 shares in the last quarter. Finally, Barrett & Company Inc. grew its stake in Napco Security Technologies by 53.8% in the 3rd quarter. Barrett & Company Inc. now owns 6,155 shares of the industrial products company’s stock valued at $137,000 after buying an additional 2,152 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $45.92, for a total value of $238,784.00. Following the completion of the transaction, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at approximately $653,533.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,010 shares of the company’s stock, valued at approximately $67,482,407.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Carrieri sold 5,200 shares of Napco Security Technologies stock in a transaction on Friday, February 9th. The stock was sold at an average price of $45.92, for a total transaction of $238,784.00. Following the sale, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at $653,533.44. The disclosure for this sale can be found here. Insiders sold a total of 93,200 shares of company stock valued at $3,987,644 in the last three months. Company insiders own 11.54% of the company’s stock.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $41.41 on Tuesday. The firm has a fifty day moving average price of $41.31 and a two-hundred day moving average price of $34.00. Napco Security Technologies, Inc. has a one year low of $17.76 and a one year high of $46.26. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 34.80 and a beta of 1.55.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The firm had revenue of $47.50 million during the quarter, compared to the consensus estimate of $43.92 million. During the same period last year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts expect that Napco Security Technologies, Inc. will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.97%. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, February 29th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 33.61%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NSSC shares. Imperial Capital lowered shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective for the company. in a research note on Tuesday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price objective on shares of Napco Security Technologies in a research note on Friday, April 12th. Finally, StockNews.com lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.60.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.