Rockefeller Capital Management L.P. Increases Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Rockefeller Capital Management L.P. lifted its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 74.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,901 shares of the industrial products company’s stock after buying an additional 128,316 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.82% of Napco Security Technologies worth $12,174,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NSSC. Walleye Capital LLC purchased a new stake in Napco Security Technologies in the third quarter worth about $330,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Napco Security Technologies by 215.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,640 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 13,418 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Napco Security Technologies by 14.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,165 shares of the industrial products company’s stock worth $371,000 after buying an additional 1,165 shares during the last quarter. Cynosure Group LLC increased its position in Napco Security Technologies by 155.1% during the 3rd quarter. Cynosure Group LLC now owns 17,809 shares of the industrial products company’s stock valued at $721,000 after buying an additional 10,827 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Napco Security Technologies by 5.6% during the third quarter. BNP Paribas Financial Markets now owns 120,595 shares of the industrial products company’s stock valued at $4,879,000 after buying an additional 6,394 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.24% of the stock is currently owned by corporate insiders.

Napco Security Technologies Price Performance

NSSC stock opened at $39.95 on Tuesday. Napco Security Technologies, Inc. has a 1 year low of $31.14 and a 1 year high of $58.09. The company has a market cap of $1.47 billion, a P/E ratio of 29.38 and a beta of 1.64. The stock’s fifty day moving average price is $39.00 and its 200-day moving average price is $46.09.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The firm had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts expect that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is presently 36.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NSSC shares. Craig Hallum cut their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Lake Street Capital reduced their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday. DA Davidson reduced their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, TD Cowen cut their target price on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Napco Security Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.