Millennium Management LLC Has $3.53 Million Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Millennium Management LLC lessened its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 52.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,975 shares of the industrial products company’s stock after selling 74,305 shares during the quarter. Millennium Management LLC owned 0.18% of Napco Security Technologies worth $3,531,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Napco Security Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company’s stock worth $102,654,000 after acquiring an additional 102,010 shares during the last quarter. Wellington Management Group LLP increased its stake in Napco Security Technologies by 168.9% in the 4th quarter. Wellington Management Group LLP now owns 691,148 shares of the industrial products company’s stock valued at $23,672,000 after buying an additional 434,164 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Napco Security Technologies during the 2nd quarter worth about $31,504,000. Emerald Advisers LLC boosted its stake in shares of Napco Security Technologies by 118.3% during the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock worth $25,382,000 after buying an additional 264,789 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of Napco Security Technologies by 170.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock valued at $20,777,000 after acquiring an additional 252,252 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on NSSC shares. DA Davidson increased their price target on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Needham & Company LLC increased their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Lake Street Capital restated a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.29.

Napco Security Technologies Price Performance

NASDAQ NSSC opened at $39.40 on Monday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 31.27 and a beta of 1.64. Napco Security Technologies, Inc. has a one year low of $17.76 and a one year high of $58.09. The business has a 50 day simple moving average of $44.53 and a 200 day simple moving average of $46.85.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $50.33 million for the quarter, compared to the consensus estimate of $50.18 million. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. During the same quarter in the previous year, the business earned $0.28 EPS. Equities analysts expect that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a $0.125 dividend. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.50 annualized dividend and a yield of 1.27%. Napco Security Technologies’s dividend payout ratio is presently 39.68%.

Insider Buying and Selling at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.54% of the stock is owned by corporate insiders.

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.