NAPCO Security Technologies, Inc. $NSSC Stock Bought by Copeland Capital Management LLC

Key Points

• Copeland Capital Management increased its NAPCO Security Technologies stake by 3.2% to 2.08 million shares, representing about 5.82% of the company and a $74.1 million position. Institutional investors and hedge funds collectively own 85.07% of NSSC.
• Analyst sentiment remains favorable, with five Buy ratings and two Hold ratings, resulting in a consensus “Moderate Buy” rating and an average price target of $50.50.
• NAPCO exceeded quarterly earnings and revenue expectations, reporting $0.50 EPS and $55.81 million in revenue, while raising its quarterly dividend to $0.17 per share. However, insiders sold 523,962 shares worth approximately $18.3 million over the past three months.

Copeland Capital Management LLC grew its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,081,286 shares of the industrial products company's stock after acquiring an additional 64,413 shares during the period. NAPCO Security Technologies comprises about 1.7% of Copeland Capital Management LLC's holdings, making the stock its 9th biggest position. Copeland Capital Management LLC owned about 5.82% of NAPCO Security Technologies worth $74,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of NAPCO Security Technologies in the 2nd quarter worth approximately $213,928,000. Jupiter Topco LLC purchased a new position in NAPCO Security Technologies in the 2nd quarter valued at approximately $63,855,000. Wellington Management Group LLP increased its stake in NAPCO Security Technologies by 18.6% in the 2nd quarter. Wellington Management Group LLP now owns 1,102,280 shares of the industrial products company's stock valued at $41,865,000 after purchasing an additional 172,681 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in NAPCO Security Technologies by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 702,852 shares of the industrial products company's stock worth $27,683,000 after purchasing an additional 31,609 shares during the last quarter. Finally, Fundsmith LLP raised its holdings in NAPCO Security Technologies by 58.2% during the second quarter. Fundsmith LLP now owns 606,974 shares of the industrial products company's stock worth $23,053,000 after purchasing an additional 223,378 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings upgraded NAPCO Security Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Benchmark reissued a "buy" rating on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Wall Street Zen cut NAPCO Security Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Needham & Company LLC restated a "buy" rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Finally, DA Davidson set a $52.00 price target on NAPCO Security Technologies in a research note on Tuesday, August 25th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.50.

Insider Activity at NAPCO Security Technologies

In related news, Director Donna Soloway sold 28,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total transaction of $1,007,440.00. Following the sale, the director owned 20,962 shares in the company, valued at approximately $754,212.76. This trade represents a 57.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the sale, the chairman directly owned 621,958 shares of the company's stock, valued at $21,457,551. The trade was a 37.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 523,962 shares of company stock worth $18,257,168 in the last three months. Insiders own 5.65% of the company's stock.

NAPCO Security Technologies Stock Down 0.1%

Shares of NASDAQ:NSSC opened at $36.18 on Wednesday. NAPCO Security Technologies, Inc. has a 52-week low of $33.91 and a 52-week high of $51.77. The stock's fifty day simple moving average is $36.80 and its 200-day simple moving average is $38.08. The company has a market capitalization of $1.29 billion, a P/E ratio of 22.48 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%. The business had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. During the same quarter last year, the company earned $0.33 earnings per share. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. NAPCO Security Technologies's payout ratio is currently 56.20%.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc develops, manufactures and sells security products and solutions for commercial, institutional, industrial, residential and government customers. Its offerings include intrusion alarm systems, fire alarm systems, access control systems, electronic locking products and related software and communications technologies.

The company markets products under brands that include NAPCO, Gemini, StarLink, Alarm Lock, Marks and Continental Instruments. Its portfolio also includes wireless and cellular alarm communicators, cloud-based security and access management solutions, video and surveillance-related products, and school security technologies.

Founded in 1969 and headquartered in Amityville, New York, NAPCO serves customers through security dealers, distributors and other channels in the United States and international markets.

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