Rockefeller Capital Management L.P. Sells 232,820 Shares of NAPCO Security Technologies, Inc. $NSSC

Rockefeller Capital Management L.P. reduced its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 66.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,756 shares of the industrial products company’s stock after selling 232,820 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in NAPCO Security Technologies were worth $4,827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted its position in NAPCO Security Technologies by 193.3% in the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after buying an additional 377 shares during the last quarter. ProShare Advisors LLC raised its position in shares of NAPCO Security Technologies by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 407 shares during the last quarter. Legal & General Group Plc raised its position in shares of NAPCO Security Technologies by 1.0% during the third quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock worth $1,887,000 after acquiring an additional 430 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of NAPCO Security Technologies by 1.3% during the third quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock valued at $1,582,000 after acquiring an additional 474 shares during the period. Finally, Maseco LLP bought a new position in NAPCO Security Technologies in the fourth quarter valued at about $25,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NSSC shares. TD Cowen reissued a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Weiss Ratings lowered shares of NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, DA Davidson reiterated a “buy” rating and set a $52.00 price target on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.67.

NAPCO Security Technologies Trading Down 0.3%

NASDAQ:NSSC opened at $37.29 on Friday. NAPCO Security Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $48.12. The business’s 50-day moving average price is $39.10 and its two-hundred day moving average price is $40.99. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 35.86 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $49.17 million during the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. Sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.48 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, June 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, June 12th. NAPCO Security Technologies’s dividend payout ratio is presently 57.69%.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.