Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Bought by Copeland Capital Management LLC

Copeland Capital Management LLC raised its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 108.6% in the 3rd quarter, Holdings Channel reports. The fund owned 1,038,128 shares of the industrial products company’s stock after acquiring an additional 540,436 shares during the period. Copeland Capital Management LLC’s holdings in Napco Security Technologies were worth $42,003,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NSSC. Laurus Investment Counsel Inc. lifted its position in Napco Security Technologies by 40.2% in the third quarter. Laurus Investment Counsel Inc. now owns 62,340 shares of the industrial products company’s stock valued at $2,522,000 after purchasing an additional 17,880 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of Napco Security Technologies by 61.8% during the 3rd quarter. Harbour Capital Advisors LLC now owns 9,830 shares of the industrial products company’s stock worth $385,000 after buying an additional 3,755 shares in the last quarter. Creative Planning acquired a new stake in shares of Napco Security Technologies in the 3rd quarter valued at approximately $370,000. Shaker Investments LLC OH boosted its stake in shares of Napco Security Technologies by 46.7% in the third quarter. Shaker Investments LLC OH now owns 35,215 shares of the industrial products company’s stock valued at $1,425,000 after buying an additional 11,203 shares in the last quarter. Finally, Annex Advisory Services LLC grew its holdings in Napco Security Technologies by 12.9% during the third quarter. Annex Advisory Services LLC now owns 303,805 shares of the industrial products company’s stock worth $12,292,000 after acquiring an additional 34,802 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

NSSC stock opened at $41.27 on Tuesday. Napco Security Technologies, Inc. has a 1 year low of $17.76 and a 1 year high of $58.09. The firm has a market cap of $1.52 billion, a P/E ratio of 32.75 and a beta of 1.64. The stock’s 50 day moving average price is $43.27 and its 200 day moving average price is $46.92.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The business had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. During the same quarter last year, the company earned $0.28 earnings per share. On average, research analysts predict 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 dividend of $0.125 per share. 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 dividend yield of 1.21%. Napco Security Technologies’s dividend payout ratio is presently 39.68%.

Insider Buying and Selling

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 11.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on NSSC. Needham & Company LLC raised their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital reiterated a “buy” rating and issued a $60.00 price objective on shares of Napco Security Technologies in a research note on Tuesday, September 17th. Finally, DA Davidson upped their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.29.

About Napco Security Technologies

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.