NAPCO Security Technologies, Inc. $NSSC Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management trimmed its stake in NAPCO by 5.1% in Q4, selling 76,720 shares and now holds 1,420,792 shares (about 3.98% of the company) valued at roughly $59.25 million.
• CEO Richard Soloway sold 150,000 shares at an average of $42.74 for proceeds of $6.41 million, reducing his ownership by 10.67% to 1,256,010 shares.
• NAPCO beat Q results with $0.38 EPS (vs. $0.33 est.) and revenue up 12.4% year-over-year, raised its quarterly dividend to $0.15 (annualized $0.60, yield 1.3%), and holds a consensus analyst rating of "Moderate Buy" with an average price target of $47.83.

Copeland Capital Management LLC lowered its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,420,792 shares of the industrial products company's stock after selling 76,720 shares during the period. NAPCO Security Technologies comprises 1.3% of Copeland Capital Management LLC's portfolio, making the stock its 23rd largest holding. Copeland Capital Management LLC owned approximately 3.98% of NAPCO Security Technologies worth $59,247,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC acquired a new position in shares of NAPCO Security Technologies in the third quarter valued at approximately $25,000. Maseco LLP acquired a new position in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $25,000. IFP Advisors Inc raised its position in shares of NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock valued at $25,000 after buying an additional 377 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of NAPCO Security Technologies in the third quarter valued at approximately $26,000. Finally, State of Wyoming acquired a new position in shares of NAPCO Security Technologies in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.07% of the company's stock.

Insider Buying and Selling

In related news, CEO Richard Soloway sold 150,000 shares of the company's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the completion of the transaction, the chief executive officer owned 1,256,010 shares of the company's stock, valued at approximately $53,681,867.40. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.65% of the company's stock.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock opened at $44.88 on Friday. NAPCO Security Technologies, Inc. has a one year low of $22.04 and a one year high of $48.12. The company has a 50 day moving average price of $43.08 and a 200 day moving average price of $42.11. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 33.74 and a beta of 1.48.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The firm had revenue of $48.17 million during the quarter, compared to analyst estimates of $47.82 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. NAPCO Security Technologies's revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.46 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 12th. NAPCO Security Technologies's dividend payout ratio (DPR) is currently 45.11%.

Wall Street Analysts Forecast Growth

NSSC has been the subject of a number of analyst reports. DA Davidson reissued a "buy" rating and issued a $50.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. Needham & Company LLC reissued a "buy" rating and issued a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NAPCO Security Technologies has a consensus rating of "Moderate Buy" and an average price target of $47.83.

NAPCO Security Technologies 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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