Rockefeller Capital Management L.P. Acquires 45,065 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Rockefeller Capital Management L.P. raised its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 345,966 shares of the industrial products company’s stock after purchasing an additional 45,065 shares during the quarter. Rockefeller Capital Management L.P. owned 0.94% of Napco Security Technologies worth $12,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. New Age Alpha Advisors LLC acquired a new stake in Napco Security Technologies in the fourth quarter valued at about $32,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Napco Security Technologies in the 4th quarter valued at approximately $63,000. KBC Group NV grew its holdings in shares of Napco Security Technologies by 83.8% during the 4th quarter. KBC Group NV now owns 2,049 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 934 shares during the last quarter. Huntington National Bank increased its position in Napco Security Technologies by 31.4% during the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 558 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in Napco Security Technologies during the 4th quarter worth approximately $86,000. Institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on NSSC shares. Needham & Company LLC decreased their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Lake Street Capital reduced their price objective on Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a report on Tuesday, February 4th. Finally, TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Trading Down 2.0 %

Shares of NSSC opened at $21.64 on Wednesday. The company has a market capitalization of $787.72 million, a PE ratio of 16.65 and a beta of 1.51. The stock’s 50-day moving average price is $23.83 and its two-hundred day moving average price is $32.51. Napco Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The company had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. Napco Security Technologies’s revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. Equities research analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.

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.