Rockefeller Capital Management L.P. Buys 128,316 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Rockefeller Capital Management L.P. lifted its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 74.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 300,901 shares of the industrial products company's stock after acquiring an additional 128,316 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.82% of Napco Security Technologies worth $12,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSSC. First Horizon Advisors Inc. increased its position in shares of Napco Security Technologies by 810.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 470 shares during the last quarter. Farther Finance Advisors LLC grew its position in Napco Security Technologies by 72,300.0% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 723 shares during the last quarter. Quarry LP raised its stake in shares of Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company's stock worth $34,000 after acquiring an additional 312 shares in the last quarter. KBC Group NV lifted its holdings in shares of Napco Security Technologies by 61.4% in the 3rd quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock worth $45,000 after acquiring an additional 424 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Napco Security Technologies by 54.7% in 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. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NSSC shares. DA Davidson decreased their price objective on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Lake Street Capital lowered their price objective on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC raised their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. StockNews.com upgraded shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Craig Hallum decreased their price objective 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.14.

Napco Security Technologies Stock Up 0.2 %

Shares of NSSC stock traded up $0.09 during mid-day trading on Tuesday, reaching $40.04. 174,476 shares of the company's stock traded hands, compared to its average volume of 450,982. The company's 50-day moving average price is $39.00 and its 200-day moving average price is $46.09. The company has a market cap of $1.47 billion, a P/E ratio of 29.44 and a beta of 1.62. Napco Security Technologies, Inc. has a 12 month low of $31.14 and a 12 month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $46.56 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company's quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts predict that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be paid a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. Napco Security Technologies's dividend payout ratio is presently 36.76%.

Insider Buying and Selling at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.24% of the company's stock.

Napco Security Technologies 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.