Isthmus Partners LLC Reduces Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Isthmus Partners LLC trimmed its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 22.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 86,713 shares of the industrial products company's stock after selling 25,492 shares during the period. Isthmus Partners LLC owned approximately 0.24% of Napco Security Technologies worth $3,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSSC. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Napco Security Technologies by 215.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,640 shares of the industrial products company's stock valued at $795,000 after acquiring an additional 13,418 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of Napco Security Technologies by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,165 shares of the industrial products company's stock worth $371,000 after purchasing an additional 1,165 shares during the period. Cynosure Group LLC increased its holdings in Napco Security Technologies by 155.1% in the 3rd quarter. Cynosure Group LLC now owns 17,809 shares of the industrial products company's stock valued at $721,000 after purchasing an additional 10,827 shares during the last quarter. BNP Paribas Financial Markets raised its position in Napco Security Technologies by 5.6% in the third quarter. BNP Paribas Financial Markets now owns 120,595 shares of the industrial products company's stock valued at $4,879,000 after purchasing an additional 6,394 shares during the period. Finally, FMR LLC raised its position in Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock valued at $85,075,000 after purchasing an additional 494,988 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NSSC shares. StockNews.com cut Napco Security Technologies from a "hold" rating to a "sell" rating in a research note on Monday. TD Cowen dropped their target price on Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Craig Hallum reduced their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Lake Street Capital dropped their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, DA Davidson reduced their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.14.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now directly owns 2,681 shares of the company's stock, valued at $99,518.72. This trade represents a 20.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.24% of the stock is owned by company insiders.

Napco Security Technologies Stock Up 0.8 %

NASDAQ NSSC traded up $0.32 on Friday, hitting $39.23. 151,993 shares of the stock were exchanged, compared to its average volume of 452,392. Napco Security Technologies, Inc. has a fifty-two week low of $30.04 and a fifty-two week high of $58.09. The company has a 50-day moving average price of $39.03 and a 200-day moving average price of $46.14. The company has a market cap of $1.44 billion, a PE ratio of 28.85 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The firm had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Napco Security Technologies, Inc. will post 1.49 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies's dividend payout ratio (DPR) is presently 36.76%.

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.