Wellington Management Group LLP Purchases 356,094 Shares of NAPCO Security Technologies, Inc. $NSSC

Key Points

• Wellington Management Group LLP increased its stake in NAPCO Security Technologies by 121.4% in Q1, now owning 649,318 shares, valued at approximately $14.95 million.
• NAPCO Security Technologies reported a Q2 EPS of $0.33, exceeding analysts' expectations by $0.07, and revenues of $50.72 million, up 0.8% year-over-year.
• A quarterly dividend of $0.14 was announced, reflecting a 1.5% yield and a payout ratio of 47.06%, to be paid on October 3rd.

Wellington Management Group LLP boosted its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 121.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 649,318 shares of the industrial products company's stock after purchasing an additional 356,094 shares during the quarter. Wellington Management Group LLP owned about 1.82% of NAPCO Security Technologies worth $14,947,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in NAPCO Security Technologies by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,901,671 shares of the industrial products company's stock worth $66,796,000 after buying an additional 52,020 shares during the period. Copeland Capital Management LLC lifted its position in shares of NAPCO Security Technologies by 25.1% in the 1st quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock worth $34,390,000 after acquiring an additional 299,305 shares during the period. Janus Henderson Group PLC lifted its position in shares of NAPCO Security Technologies by 15.1% in the 4th quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company's stock worth $33,403,000 after acquiring an additional 123,091 shares during the period. Royal Bank of Canada lifted its position in shares of NAPCO Security Technologies by 27.3% in the 4th quarter. Royal Bank of Canada now owns 746,804 shares of the industrial products company's stock worth $26,558,000 after acquiring an additional 160,030 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of NAPCO Security Technologies by 15.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company's stock worth $16,406,000 after acquiring an additional 95,014 shares during the period. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Stock Performance

Shares of NSSC stock traded down $0.28 during trading hours on Monday, hitting $38.05. The company had a trading volume of 445,259 shares, compared to its average volume of 384,172. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $48.75. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.97 and a beta of 1.51. The firm's fifty day moving average is $31.18 and its 200 day moving average is $27.19.

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

NAPCO Security Technologies Announces Dividend

The company 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 $0.14 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. NAPCO Security Technologies's payout ratio is 47.06%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research upgraded NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday. DA Davidson raised their price objective on NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Mizuho assumed coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective for the company. Needham & Company LLC raised their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, 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 research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NAPCO Security Technologies currently has a consensus rating of "Moderate Buy" and a consensus 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.