Bank of New York Mellon Corp Has $7.18 Million Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Bank of New York Mellon Corp boosted its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 201,846 shares of the industrial products company's stock after purchasing an additional 23,149 shares during the quarter. Bank of New York Mellon Corp owned 0.55% of Napco Security Technologies worth $7,178,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NSSC. Farther Finance Advisors LLC grew its holdings in shares of Napco Security Technologies by 72,300.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock valued at $29,000 after buying an additional 723 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Napco Security Technologies by 109.7% in the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company's stock worth $45,000 after acquiring an additional 579 shares in the last quarter. KBC Group NV raised its position in shares of Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock worth $45,000 after purchasing an additional 424 shares during the period. Huntington National Bank lifted its holdings in shares of Napco Security Technologies by 54.7% during the 3rd quarter. Huntington National Bank now owns 1,777 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 628 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Napco Security Technologies in the 4th quarter valued at approximately $86,000. Institutional investors own 85.07% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NSSC shares. StockNews.com raised shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating in a 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 on the stock. in a report on Tuesday, February 4th. Needham & Company LLC reduced their price target on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Finally, Lake Street Capital set a $30.00 price objective on Napco Security Technologies and gave the company a "buy" rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.33.

Napco Security Technologies Stock Performance

NASDAQ:NSSC traded down $0.66 during mid-day trading on Wednesday, hitting $24.16. The stock had a trading volume of 266,510 shares, compared to its average volume of 571,600. The company's 50 day simple moving average is $28.83 and its 200 day simple moving average is $35.09. The stock has a market cap of $879.34 million, a price-to-earnings ratio of 18.59 and a beta of 1.59. Napco Security Technologies, Inc. has a twelve month low of $23.00 and a twelve month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The business had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The business's revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies's dividend payout ratio is presently 38.46%.

About Napco Security Technologies

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.