Strs Ohio Has $736,000 Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Strs Ohio trimmed its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,500 shares of the industrial products company’s stock after selling 5,500 shares during the quarter. Strs Ohio’s holdings in Napco Security Technologies were worth $736,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NSSC. Handelsbanken Fonder AB grew its holdings in shares of Napco Security Technologies by 26.7% during the third quarter. Handelsbanken Fonder AB now owns 760,000 shares of the industrial products company’s stock worth $16,910,000 after purchasing an additional 160,000 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Napco Security Technologies by 18.8% during the third quarter. Linden Thomas Advisory Services LLC now owns 9,564 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 1,516 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of Napco Security Technologies during the third quarter worth $28,000. Barrett & Company Inc. grew its holdings in shares of Napco Security Technologies by 53.8% during the third quarter. Barrett & Company Inc. now owns 6,155 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Shaker Investments LLC OH bought a new stake in shares of Napco Security Technologies during the third quarter worth $221,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Napco Security Technologies

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

Napco Security Technologies Stock Down 1.4 %

Napco Security Technologies stock opened at $43.38 on Friday. The business’s 50-day simple moving average is $41.28 and its 200 day simple moving average is $34.22. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 36.45 and a beta of 1.55. Napco Security Technologies, Inc. has a 12-month low of $17.76 and a 12-month high of $46.26.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $47.50 million for the quarter, compared to analysts’ expectations of $43.92 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. As a group, sell-side analysts expect that Napco Security Technologies, Inc. will post 1.3 EPS for the current year.

Napco Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 29th. Napco Security Technologies’s payout ratio is presently 33.61%.

Analysts Set New Price Targets

NSSC has been the topic of several research analyst reports. StockNews.com cut Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Imperial Capital cut Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price on the stock. in a report on Tuesday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price target on shares of Napco Security Technologies in a report on Friday, April 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.