Raymond James Financial Services Advisors Inc. Makes New $356,000 Investment in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Raymond James Financial Services Advisors Inc. bought a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,400 shares of the industrial products company’s stock, valued at approximately $356,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its position in Napco Security Technologies by 99.7% during the first quarter. BlackRock Inc. now owns 1,854,790 shares of the industrial products company’s stock valued at $38,059,000 after purchasing an additional 925,876 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Napco Security Technologies by 104.9% during the 1st quarter. Vanguard Group Inc. now owns 1,635,449 shares of the industrial products company’s stock valued at $33,559,000 after acquiring an additional 837,472 shares in the last quarter. Wasatch Advisors Inc. increased its stake in shares of Napco Security Technologies by 80.4% in the first quarter. Wasatch Advisors Inc. now owns 1,619,409 shares of the industrial products company’s stock worth $33,230,000 after acquiring an additional 721,575 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Napco Security Technologies by 100.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,273,636 shares of the industrial products company’s stock worth $26,136,000 after acquiring an additional 638,478 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Napco Security Technologies by 206.7% during the fourth quarter. Millennium Management LLC now owns 766,498 shares of the industrial products company’s stock valued at $21,063,000 after purchasing an additional 516,575 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Performance

Shares of NSSC stock opened at $40.02 on Monday. The stock’s 50 day simple moving average is $41.41 and its 200 day simple moving average is $33.86. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $46.26. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 33.63 and a beta of 1.55.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The company had revenue of $47.50 million for the quarter, compared to the consensus estimate of $43.92 million. During the same quarter last year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts forecast that Napco Security Technologies, Inc. will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. Napco Security Technologies’s dividend payout ratio (DPR) is 33.61%.

Insiders Place Their Bets

In other news, SVP Michael Carrieri sold 5,200 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $45.92, for a total value of $238,784.00. Following the sale, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at $653,533.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Michael Carrieri sold 5,200 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $45.92, for a total value of $238,784.00. Following the completion of the sale, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at $653,533.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the sale, the chief financial officer now owns 112,739 shares in the company, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. Insiders sold a total of 93,200 shares of company stock valued at $3,987,644 in the last quarter. Insiders own 11.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 target price on shares of Napco Security Technologies in a research report on Friday, April 12th. Imperial Capital downgraded Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective on the stock. in a report on Tuesday, February 6th. Finally, StockNews.com cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.60.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.