Cumberland Partners Ltd Purchases Shares of 30,000 Napco Security Technologies, Inc. (NASDAQ:NSSC)

Cumberland Partners Ltd purchased a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 30,000 shares of the industrial products company's stock, valued at approximately $1,028,000. Cumberland Partners Ltd owned 0.08% of Napco Security Technologies as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Copeland Capital Management LLC purchased a new stake in Napco Security Technologies during the 3rd quarter worth approximately $28,000. RiverPark Advisors LLC increased its stake in Napco Security Technologies by 80.1% during the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company's stock worth $57,000 after buying an additional 743 shares during the period. Allworth Financial LP grew its holdings in Napco Security Technologies by 19.9% during the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company's stock worth $114,000 after acquiring an additional 550 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Napco Security Technologies during the 3rd quarter worth approximately $101,000. Finally, Barrett & Company Inc. grew its holdings in Napco Security Technologies by 53.8% during the 3rd quarter. Barrett & Company Inc. now owns 6,155 shares of the industrial products company's stock worth $137,000 after acquiring an additional 2,152 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Napco Security Technologies

In related news, SVP Michael Carrieri sold 5,200 shares of the firm's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $45.92, for a total value of $238,784.00. Following the completion of the sale, the senior vice president now owns 14,232 shares in the company, valued at $653,533.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kevin S. Buchel sold 10,000 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.80, for a total transaction of $448,000.00. Following the transaction, the chief financial officer now directly owns 112,739 shares of the company's stock, valued at $5,050,707.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Carrieri sold 5,200 shares of the business's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the sale, the senior vice president now owns 14,232 shares of the company's stock, valued at approximately $653,533.44. The disclosure for this sale can be found here. Insiders sold 93,200 shares of company stock worth $3,987,644 over the last 90 days. Company insiders own 11.54% of the company's stock.

Napco Security Technologies Stock Up 1.6 %

NASDAQ:NSSC traded up $0.68 during trading hours on Wednesday, reaching $44.00. 263,145 shares of the company's stock were exchanged, compared to its average volume of 343,559. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 36.98 and a beta of 1.55. The company has a 50-day moving average of $41.31 and a 200 day moving average of $34.15. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $46.26.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, February 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company had revenue of $47.50 million during the quarter, compared to analysts' expectations of $43.92 million. During the same quarter last year, the business earned $0.23 EPS. The business's revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Napco Security Technologies, Inc. will post 1.3 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a $0.10 dividend. This is a boost from Napco Security Technologies's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. Napco Security Technologies's dividend payout ratio (DPR) is 33.61%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $46.00 target price on shares of Napco Security Technologies in a research report on Friday, April 12th. StockNews.com downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 13th. Finally, Imperial Capital downgraded shares of Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 target price on the stock. in a research report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Napco Security Technologies currently has a consensus rating of "Hold" and a consensus target price of $33.60.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.