Rockefeller Capital Management L.P. Buys 45,065 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Rockefeller Capital Management L.P. increased its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 345,966 shares of the industrial products company's stock after acquiring an additional 45,065 shares during the period. Rockefeller Capital Management L.P. owned about 0.94% of Napco Security Technologies worth $12,303,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NSSC. Stifel Financial Corp increased its holdings in shares of Napco Security Technologies by 66.9% during the third quarter. Stifel Financial Corp now owns 77,782 shares of the industrial products company's stock worth $3,147,000 after buying an additional 31,184 shares in the last quarter. State Street Corp raised its position in Napco Security Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company's stock valued at $31,790,000 after purchasing an additional 16,931 shares during the last quarter. Barclays PLC boosted its stake in Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company's stock worth $2,511,000 after purchasing an additional 45,122 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Napco Security Technologies by 14.3% during the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company's stock worth $38,809,000 after purchasing an additional 120,304 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Napco Security Technologies by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 19,961 shares of the industrial products company's stock worth $807,000 after buying an additional 915 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Analyst Ratings Changes

NSSC has been the topic of a number of research reports. Craig Hallum lowered shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price on the stock. in a research report on Tuesday, February 4th. TD Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Lake Street Capital dropped their target price on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Needham & Company LLC lowered their price objective on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Napco Security Technologies presently has an average rating of "Hold" and an average price target of $35.50.

Napco Security Technologies Trading Down 2.1 %

Shares of NSSC stock traded down $0.47 on Monday, reaching $21.22. The company had a trading volume of 23,536 shares, compared to its average volume of 556,519. The company has a 50-day moving average of $23.57 and a 200-day moving average of $32.09. Napco Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $58.09. The stock has a market cap of $772.57 million, a PE ratio of 16.33 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The firm had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. Napco Security Technologies's quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. Sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 12th. Napco Security Technologies's dividend payout ratio (DPR) 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.