NAPCO Security Technologies, Inc. $NSSC Stake Lowered by Royal Bank of Canada

Royal Bank of Canada trimmed its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 2.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 727,368 shares of the industrial products company’s stock after selling 19,436 shares during the period. Royal Bank of Canada owned approximately 2.04% of NAPCO Security Technologies worth $16,745,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in NAPCO Security Technologies by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company’s stock worth $66,796,000 after purchasing an additional 52,020 shares during the period. Copeland Capital Management LLC lifted its position in NAPCO Security Technologies by 25.1% in the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company’s stock worth $34,390,000 after purchasing an additional 299,305 shares during the period. Doma Perpetual Capital Management LLC lifted its position in NAPCO Security Technologies by 53.4% in the first quarter. Doma Perpetual Capital Management LLC now owns 1,175,655 shares of the industrial products company’s stock worth $27,064,000 after purchasing an additional 409,123 shares during the period. Janus Henderson Group PLC lifted its position in NAPCO Security Technologies by 15.1% in the fourth quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company’s stock worth $33,403,000 after purchasing an additional 123,091 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in NAPCO Security Technologies by 15.4% in the first quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company’s stock worth $16,406,000 after purchasing an additional 95,014 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Stock Performance

NASDAQ NSSC opened at $40.10 on Wednesday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 33.70 and a beta of 1.51. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $42.58. The business’s fifty day moving average is $32.39 and its two-hundred day moving average is $27.77.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The company had revenue of $50.72 million for the quarter, compared to the consensus estimate of $44.26 million. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up .8% on a year-over-year basis. On average, research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. NAPCO Security Technologies’s payout ratio is 47.06%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NSSC shares. Mizuho started coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an “outperform” rating and a $39.00 target price for the company. Craig Hallum upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, August 26th. Zacks Research raised NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th. Needham & Company LLC upped their price target on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.67.

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.