Deutsche Bank AG Acquires 9,878 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Deutsche Bank AG increased its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 47.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,638 shares of the industrial products company's stock after acquiring an additional 9,878 shares during the quarter. Deutsche Bank AG owned about 0.08% of Napco Security Technologies worth $1,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Napco Security Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company's stock valued at $101,334,000 after purchasing an additional 32,482 shares in the last quarter. Copeland Capital Management LLC raised its stake in Napco Security Technologies by 15.1% during the fourth quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock valued at $42,481,000 after purchasing an additional 156,495 shares in the last quarter. Geode Capital Management LLC raised its stake in Napco Security Technologies by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after purchasing an additional 51,661 shares in the last quarter. Doma Perpetual Capital Management LLC raised its stake in Napco Security Technologies by 8.4% during the fourth quarter. Doma Perpetual Capital Management LLC now owns 766,532 shares of the industrial products company's stock valued at $27,258,000 after purchasing an additional 59,496 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Napco Security Technologies by 1.0% during the fourth quarter. Northern Trust Corp now owns 686,817 shares of the industrial products company's stock valued at $24,423,000 after purchasing an additional 6,887 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

Napco Security Technologies Trading Down 1.6%

Shares of NASDAQ NSSC traded down $0.44 during mid-day trading on Wednesday, reaching $27.90. The company had a trading volume of 352,697 shares, compared to its average volume of 504,915. The business's 50-day moving average is $23.93 and its 200-day moving average is $29.57. The stock has a market cap of $994.80 million, a price-to-earnings ratio of 21.46 and a beta of 1.41. Napco Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly 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. The firm had revenue of $43.96 million for the quarter, compared to analysts' expectations of $45.11 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business's revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Napco Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.01%. Napco Security Technologies's dividend payout ratio is presently 45.90%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NSSC shares. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their target price for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Craig Hallum downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price on the stock. in a research note on Tuesday, February 4th. Lake Street Capital set a $26.00 target price on shares of Napco Security Technologies in a research note on Monday, May 5th. Finally, Needham & Company LLC reduced their target price on shares of Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies has an average rating of "Hold" and a consensus price target of $32.20.

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.