311,009 Shares in NAPCO Security Technologies, Inc. $NSSC Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 311,009 shares of the industrial products company's stock, valued at approximately $11,812,000. Bank of New York Mellon Corp owned approximately 0.87% of NAPCO Security Technologies as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in shares of NAPCO Security Technologies by 510.3% in the 4th quarter. GSA Capital Partners LLP now owns 33,768 shares of the industrial products company's stock valued at $1,408,000 after purchasing an additional 28,235 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of NAPCO Security Technologies by 239.7% during the first quarter. Principal Financial Group Inc. now owns 225,314 shares of the industrial products company's stock worth $8,875,000 after purchasing an additional 158,984 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of NAPCO Security Technologies by 113.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 59,331 shares of the industrial products company's stock worth $2,337,000 after purchasing an additional 31,516 shares in the last quarter. Renaissance Technologies LLC increased its holdings in NAPCO Security Technologies by 31.1% in the first quarter. Renaissance Technologies LLC now owns 436,800 shares of the industrial products company's stock valued at $17,206,000 after buying an additional 103,600 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in NAPCO Security Technologies in the first quarter valued at $626,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Insider Transactions at NAPCO Security Technologies

In related news, Director Donna Anne Soloway sold 20,962 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total transaction of $725,704.44. Following the transaction, the director owned 20,962 shares in the company, valued at $725,704.44. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total value of $13,093,750.50. Following the transaction, the chairman directly owned 621,958 shares in the company, valued at approximately $21,457,551. This trade represents a 37.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 523,962 shares of company stock valued at $18,257,168. Insiders own 5.65% of the company's stock.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of recent analyst reports. DA Davidson set a $52.00 price target on NAPCO Security Technologies in a report on Tuesday, August 25th. TD Cowen reiterated a "buy" rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Needham & Company LLC reissued a "buy" rating and set a $49.00 target price on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Wall Street Zen cut NAPCO Security Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Finally, Benchmark reaffirmed a "buy" rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.40.

NAPCO Security Technologies Price Performance

Shares of NSSC opened at $35.24 on Wednesday. NAPCO Security Technologies, Inc. has a 1-year low of $33.91 and a 1-year high of $51.77. The stock has a market cap of $1.26 billion, a PE ratio of 29.12 and a beta of 1.43. The firm has a fifty day moving average price of $37.37 and a 200 day moving average price of $39.69.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The company had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. During the same quarter last year, the company posted $0.33 earnings per share. The business's quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts expect that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a $0.17 dividend. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. NAPCO Security Technologies's payout ratio is currently 49.59%.

NAPCO Security Technologies Company Profile

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.

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