Copeland Capital Management LLC Has $47.08 Million Stock Position in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Copeland Capital Management LLC has increased its stake in NAPCO Security Technologies, Inc. by 6.1%, now holding approximately 4.45% of the company worth about $47.08 million.
• The company reported earnings of $0.33 per share for the last quarter, exceeding analysts' expectations of $0.26, and generating a revenue of $50.72 million.
• NAPCO Security Technologies plans to pay a quarterly dividend of $0.14 on October 3rd, resulting in an annualized dividend yield of 1.3%.

Copeland Capital Management LLC lifted its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,585,684 shares of the industrial products company's stock after buying an additional 91,756 shares during the period. Copeland Capital Management LLC owned about 4.45% of NAPCO Security Technologies worth $47,079,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake 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 valued at $66,796,000 after acquiring an additional 52,020 shares during the period. Doma Perpetual Capital Management LLC raised its position in shares of NAPCO Security Technologies by 53.4% during 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. Millennium Management LLC lifted its holdings in shares of NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company's stock valued at $17,721,000 after purchasing an additional 295,755 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of NAPCO Security Technologies by 15.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company's stock valued at $16,406,000 after purchasing an additional 95,014 shares during the period. Finally, Wellington Management Group LLP increased its stake in NAPCO Security Technologies by 121.4% during the 1st quarter. Wellington Management Group LLP now owns 649,318 shares of the industrial products company's stock worth $14,947,000 after purchasing an additional 356,094 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

NAPCO Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $42.70 on Friday. The company's 50-day moving average price is $36.55 and its two-hundred day moving average price is $29.84. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $45.03. The stock has a market capitalization of $1.52 billion, a PE ratio of 35.88 and a beta of 1.52.

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

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, September 12th. NAPCO Security Technologies's dividend payout ratio is presently 47.06%.

Analyst Ratings Changes

A number of brokerages have weighed in on NSSC. Lake Street Capital raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $26.00 to $39.00 in a research note on Tuesday, August 26th. Needham & Company LLC increased their price objective on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. DA Davidson set a $50.00 price objective on shares of NAPCO Security Technologies and gave the company a "buy" rating in a research report on Wednesday, September 24th. Zacks Research raised shares of NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Finally, Mizuho initiated coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They set an "outperform" rating and a $39.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

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.

Want to see what other hedge funds are holding NSSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.