Royal Bank of Canada Raises Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Royal Bank of Canada increased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 27.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 746,804 shares of the industrial products company's stock after acquiring an additional 160,030 shares during the period. Royal Bank of Canada owned approximately 2.04% of Napco Security Technologies worth $26,558,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NSSC. Wells Fargo & Company MN lifted its stake in shares of Napco Security Technologies by 0.7% in the 4th quarter. Wells Fargo & Company MN now owns 62,007 shares of the industrial products company's stock valued at $2,205,000 after purchasing an additional 437 shares during the last quarter. Truvestments Capital LLC lifted its stake in shares of Napco Security Technologies by 6.7% in the 4th quarter. Truvestments Capital LLC now owns 7,009 shares of the industrial products company's stock valued at $249,000 after purchasing an additional 443 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Napco Security Technologies by 1.4% in the 4th quarter. Invesco Ltd. now owns 35,737 shares of the industrial products company's stock valued at $1,271,000 after purchasing an additional 477 shares during the last quarter. Huntington National Bank lifted its stake in shares of Napco Security Technologies by 31.4% in the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company's stock valued at $83,000 after purchasing an additional 558 shares during the last quarter. Finally, Man Group plc lifted its stake in shares of Napco Security Technologies by 0.7% in the 4th quarter. Man Group plc now owns 78,743 shares of the industrial products company's stock valued at $2,800,000 after purchasing an additional 571 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Trading Down 1.4%

NASDAQ:NSSC traded down $0.40 during midday trading on Wednesday, reaching $27.94. The company had a trading volume of 196,066 shares, compared to its average volume of 533,271. The stock's fifty day simple moving average is $23.93 and its 200-day simple moving average is $29.57. Napco Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The firm has a market capitalization of $996.23 million, a price-to-earnings ratio of 21.55 and a beta of 1.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, topping 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 company had revenue of $43.96 million for the quarter, compared to the consensus estimate of $45.11 million. During the same quarter in the prior year, the business earned $0.37 EPS. Napco Security Technologies's revenue was down 10.8% on a year-over-year basis. As a group, sell-side analysts expect that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.14 per share. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. This represents a $0.56 annualized dividend and a yield of 2.00%. Napco Security Technologies's dividend payout ratio is 45.90%.

Analyst Ratings Changes

Several research firms have recently commented on NSSC. TD Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price target for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Craig Hallum lowered Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price target for the company. in a research report on Tuesday, February 4th. Needham & Company LLC lowered their price target 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. Finally, Lake Street Capital set a $26.00 price target on Napco Security Technologies in a research report on Monday, May 5th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies presently has a consensus rating of "Hold" and an average price target of $32.20.

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.