Geode Capital Management LLC Increases Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Geode Capital Management LLC grew its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 14.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 959,035 shares of the industrial products company’s stock after buying an additional 120,304 shares during the quarter. Geode Capital Management LLC’s holdings in Napco Security Technologies were worth $38,809,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Napco Security Technologies by 30.8% during the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock worth $85,075,000 after acquiring an additional 494,988 shares during the last quarter. Copeland Capital Management LLC lifted its stake in Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after purchasing an additional 540,436 shares during the last quarter. State Street Corp lifted its stake in Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after purchasing an additional 16,931 shares during the last quarter. Emerald Advisers LLC boosted its holdings in shares of Napco Security Technologies by 4.0% in the 3rd quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company’s stock worth $20,564,000 after purchasing an additional 19,674 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Napco Security Technologies by 35.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 439,421 shares of the industrial products company’s stock valued at $17,779,000 after purchasing an additional 114,346 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

NSSC has been the subject of a number of recent research reports. Craig Hallum dropped their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Lake Street Capital decreased their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. TD Cowen lowered their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, DA Davidson reduced their price objective on Napco Security Technologies from $55.00 to $48.00 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 given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies currently has an average rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Trading Up 1.0 %

Napco Security Technologies stock opened at $36.09 on Wednesday. The firm has a market cap of $1.32 billion, a P/E ratio of 26.54 and a beta of 1.62. Napco Security Technologies, Inc. has a 1-year low of $31.27 and a 1-year high of $58.09. The firm has a 50-day moving average of $38.40 and a 200-day moving average of $44.79.

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

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.39%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Napco Security Technologies 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.