NAPCO Security Technologies, Inc. $NSSC Shares Sold by Northern Trust Corp

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of NAPCO Security Technologies by 35.4% during the 1st quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 1,002 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of NAPCO Security Technologies by 7,432.5% during the 1st quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company's stock valued at $586,000 after purchasing an additional 25,122 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of NAPCO Security Technologies by 19.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,572 shares of the industrial products company's stock valued at $266,000 after purchasing an additional 1,893 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of NAPCO Security Technologies by 3.4% during the 1st quarter. GSA Capital Partners LLP now owns 35,965 shares of the industrial products company's stock valued at $828,000 after purchasing an additional 1,186 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of NAPCO Security Technologies by 22.9% during the 1st quarter. Bessemer Group Inc. now owns 13,009 shares of the industrial products company's stock valued at $299,000 after purchasing an additional 2,423 shares during the last quarter. Institutional investors own 85.07% of the company's stock.

Analyst Ratings Changes

NSSC has been the subject of several analyst reports. Mizuho initiated coverage on NAPCO Security Technologies in a report on Thursday, July 10th. They set an "outperform" rating and a $39.00 price objective for the company. Needham & Company LLC increased 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. Wall Street Zen upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Craig Hallum upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a report on Tuesday, August 26th. Finally, DA Davidson raised their target price on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NAPCO Security Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $37.67.

NAPCO Security Technologies Stock Performance

NSSC stock traded up $0.27 during midday trading on Friday, reaching $39.52. The stock had a trading volume of 343,124 shares, compared to its average volume of 430,952. The stock has a market cap of $1.41 billion, a PE ratio of 33.21 and a beta of 1.51. The firm has a fifty day simple moving average of $31.98 and a two-hundred day simple moving average of $27.58. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $42.58.

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

NAPCO Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. NAPCO Security Technologies's dividend payout ratio (DPR) is currently 47.06%.

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.