NAPCO Security Technologies, Inc. $NSSC Stock Position Reduced by Copeland Capital Management LLC

Copeland Capital Management LLC trimmed its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,497,512 shares of the industrial products company’s stock after selling 88,172 shares during the quarter. NAPCO Security Technologies makes up approximately 1.3% of Copeland Capital Management LLC’s holdings, making the stock its 21st largest position. Copeland Capital Management LLC owned 4.20% of NAPCO Security Technologies worth $64,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in NAPCO Security Technologies in the third quarter worth $26,000. Quaker Wealth Management LLC raised its holdings in shares of NAPCO Security Technologies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 2,100 shares during the period. First Horizon Advisors Inc. lifted its position in shares of NAPCO Security Technologies by 49.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock worth $46,000 after buying an additional 516 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at about $91,000. Finally, Raymond James Financial Inc. acquired a new position in shares of NAPCO Security Technologies in the 2nd quarter valued at about $130,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, SVP Stephen M. Spinelli sold 19,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $40.25, for a total transaction of $764,750.00. Following the transaction, the senior vice president owned 928 shares of the company’s stock, valued at approximately $37,352. This trade represents a 95.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.65% of the stock is owned by corporate insiders.

NAPCO Security Technologies Price Performance

Shares of NSSC stock opened at $42.05 on Tuesday. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $48.12. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 34.19 and a beta of 1.47. The business has a 50 day simple moving average of $41.77 and a 200 day simple moving average of $37.48.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The firm had revenue of $49.17 million for the quarter, compared to the consensus estimate of $46.81 million. During the same quarter in the previous year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.56 annualized dividend and a yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio is presently 45.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NSSC shares. Zacks Research cut shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Lake Street Capital reissued a “buy” rating and issued a $50.00 price target (up previously from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. TD Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $50.00 in a research report on Tuesday, November 4th. Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $47.00 price target on shares of NAPCO Security Technologies in a report on Thursday, November 20th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.