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

Rockefeller Capital Management L.P. boosted its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 15.0% in the fourth quarter, HoldingsChannel reports. The firm owned 345,966 shares of the industrial products company’s stock after purchasing an additional 45,065 shares during the period. Rockefeller Capital Management L.P.’s holdings in Napco Security Technologies were worth $12,303,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in shares of Napco Security Technologies by 66.9% in the 3rd quarter. Stifel Financial Corp now owns 77,782 shares of the industrial products company’s stock valued at $3,147,000 after acquiring an additional 31,184 shares in the last quarter. State Street Corp grew its holdings in Napco Security Technologies by 2.2% in the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after purchasing an additional 16,931 shares during the period. Barclays PLC increased 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 valued at $2,511,000 after purchasing an additional 45,122 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $38,809,000 after purchasing an additional 120,304 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of 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 purchasing an additional 915 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on NSSC shares. Needham & Company LLC decreased their target price 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. Craig Hallum lowered 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. Lake Street Capital reduced their price target on shares of 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. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Finally, Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note 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, Napco Security Technologies has an average rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Trading Down 2.0 %

Shares of Napco Security Technologies stock opened at $21.64 on Wednesday. The company has a market capitalization of $787.72 million, a P/E ratio of 16.65 and a beta of 1.51. The stock has a fifty day simple moving average of $23.83 and a 200 day simple moving average of $32.51. Napco Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last posted its 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). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s revenue was down 9.3% compared to the same quarter last year. On average, analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were paid a $0.125 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.31%. Napco Security Technologies’s dividend payout ratio (DPR) is 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.