Millennium Management LLC Boosts Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Millennium Management LLC increased its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 16.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 474,034 shares of the industrial products company's stock after purchasing an additional 65,310 shares during the period. Millennium Management LLC owned 1.29% of Napco Security Technologies worth $16,857,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its position in Napco Security Technologies by 102.4% during the 4th quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company's stock worth $644,000 after acquiring an additional 768,629 shares during the period. Wellington Management Group LLP acquired a new stake in Napco Security Technologies during the 4th quarter worth approximately $10,427,000. JPMorgan Chase & Co. lifted its position in Napco Security Technologies by 318.6% during the 4th quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company's stock worth $10,092,000 after acquiring an additional 216,017 shares during the period. Marshall Wace LLP lifted its position in Napco Security Technologies by 122.9% during the 4th quarter. Marshall Wace LLP now owns 322,293 shares of the industrial products company's stock worth $11,461,000 after acquiring an additional 177,727 shares during the period. Finally, Copeland Capital Management LLC lifted its position in Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock worth $42,481,000 after acquiring an additional 156,495 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on NSSC shares. TD Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Needham & Company LLC decreased their price objective on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a research report on Tuesday, February 4th. Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.20.

Napco Security Technologies Trading Down 0.1%

Shares of NSSC stock opened at $28.30 on Thursday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 21.77 and a beta of 1.41. The stock has a 50 day simple moving average of $23.64 and a 200-day simple moving average of $29.87. Napco Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. During the same period last year, the business posted $0.37 EPS. Napco Security Technologies's quarterly revenue was down 10.8% on a year-over-year basis. On average, equities analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be paid a $0.14 dividend. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, June 12th. Napco Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

Napco Security Technologies Profile

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.

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