Copeland Capital Management LLC Raises Stock Holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Copeland Capital Management LLC raised its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 25.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,493,928 shares of the industrial products company's stock after purchasing an additional 299,305 shares during the period. Copeland Capital Management LLC owned 4.10% of NAPCO Security Technologies worth $34,390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NSSC. Rhumbline Advisers increased its position in NAPCO Security Technologies by 1.9% during the fourth quarter. Rhumbline Advisers now owns 49,567 shares of the industrial products company's stock worth $1,763,000 after buying an additional 935 shares during the period. Principal Financial Group Inc. raised its position in NAPCO Security Technologies by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 21,190 shares of the industrial products company's stock valued at $754,000 after purchasing an additional 1,804 shares during the last quarter. Truist Financial Corp boosted its stake in NAPCO Security Technologies by 4.4% during the 4th quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company's stock worth $975,000 after purchasing an additional 1,168 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in NAPCO Security Technologies during the 4th quarter worth $488,000. Finally, Bank of New York Mellon Corp grew its position in NAPCO Security Technologies by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 201,846 shares of the industrial products company's stock worth $7,178,000 after purchasing an additional 23,149 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

NAPCO Security Technologies Trading Up 0.9%

Shares of NASDAQ:NSSC traded up $0.27 during trading on Tuesday, hitting $29.96. 228,886 shares of the stock were exchanged, compared to its average volume of 499,270. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The company has a market cap of $1.07 billion, a PE ratio of 24.56 and a beta of 1.44. The company has a fifty day moving average price of $27.04 and a two-hundred day moving average price of $27.86.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The company had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. During the same period in the previous year, the business earned $0.37 earnings per share. NAPCO Security Technologies's quarterly revenue was down 10.8% compared to the same quarter last year. Equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from NAPCO Security Technologies's previous quarterly dividend of $0.13. NAPCO Security Technologies's dividend payout ratio is 45.90%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NSSC. DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the company a "buy" rating in a report on Wednesday, June 25th. Needham & Company LLC reduced their price objective on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, NAPCO Security Technologies has a consensus rating of "Hold" and a consensus price target of $29.20.

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.