Northern Trust Corp Has $15.50 Million Stake in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Northern Trust Corp owns approximately $15.50 million worth of NAPCO Security Technologies, holding around 1.89% of the company after reducing its stake by 2.0% in the first quarter.
• NAPCO Security Technologies reported a quarterly EPS of $0.33, exceeding analysts' expectations of $0.26, with revenue reaching $50.72 million during the same period.
• The company announced a quarterly dividend of $0.14 per share, yielding approximately 1.5%, with an ex-dividend date set for September 12th.

Northern Trust Corp reduced its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 673,261 shares of the industrial products company's stock after selling 13,556 shares during the period. Northern Trust Corp owned about 1.89% of NAPCO Security Technologies worth $15,498,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in NAPCO Security Technologies in the 4th quarter valued at approximately $220,000. Price T Rowe Associates Inc. MD grew its stake in shares of NAPCO Security Technologies by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,027 shares of the industrial products company's stock worth $677,000 after acquiring an additional 2,115 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $861,000. Freestone Grove Partners LP bought a new stake in shares of NAPCO Security Technologies in the fourth quarter worth $213,000. Finally, Centiva Capital LP bought a new stake in shares of NAPCO Security Technologies in the fourth quarter worth $305,000. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock opened at $38.49 on Wednesday. The company's 50-day moving average is $31.39 and its 200-day moving average is $27.27. The firm has a market capitalization of $1.37 billion, a PE ratio of 32.34 and a beta of 1.51. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $46.07.

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

NAPCO Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, September 12th. NAPCO Security Technologies's payout ratio is currently 47.06%.

Analyst Ratings Changes

A number of research analysts recently weighed in on NSSC shares. DA Davidson raised their target price on shares of NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Craig Hallum upgraded shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a research note on Tuesday, August 26th. Needham & Company LLC raised their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. 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 on the stock. Finally, Wall Street Zen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, NAPCO Security Technologies has a consensus rating of "Moderate Buy" and an average target price of $37.67.

NAPCO Security Technologies Company 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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