Fundsmith LLP Boosts Stock Position in NAPCO Security Technologies, Inc. $NSSC

Fundsmith LLP raised its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 58.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 606,974 shares of the industrial products company’s stock after buying an additional 223,378 shares during the period. Fundsmith LLP owned about 1.70% of NAPCO Security Technologies worth $23,053,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NSSC. GSA Capital Partners LLP increased its holdings in shares of NAPCO Security Technologies by 510.3% in the 4th quarter. GSA Capital Partners LLP now owns 33,768 shares of the industrial products company’s stock valued at $1,408,000 after acquiring an additional 28,235 shares during the last quarter. Deutsche Bank AG purchased a new stake in NAPCO Security Technologies during the second quarter worth approximately $1,414,000. Seizert Capital Partners LLC purchased a new stake in NAPCO Security Technologies during the fourth quarter worth approximately $1,857,000. Principal Financial Group Inc. boosted its holdings in NAPCO Security Technologies by 239.7% in the first quarter. Principal Financial Group Inc. now owns 225,314 shares of the industrial products company’s stock valued at $8,875,000 after purchasing an additional 158,984 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in NAPCO Security Technologies by 113.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 59,331 shares of the industrial products company’s stock valued at $2,337,000 after purchasing an additional 31,516 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting NAPCO Security Technologies

Here are the key news stories impacting NAPCO Security Technologies this week:

• Negative Sentiment: Chairman Richard Soloway sold a combined 475,000 shares on August 26 and 27 for approximately $16.5 million. The transactions reduced his direct ownership by roughly 46%, leaving him with 621,958 shares. The size of the sales may concern investors because they came from a senior executive, although the filings do not state the reason for the transactions. SEC filing for Richard Soloway stock sales
• Negative Sentiment: Director Donna Anne Soloway sold 48,962 shares across the same two sessions for approximately $1.7 million, cutting her holdings to 20,962 shares. The combined insider sales totaled 523,962 shares and more than $18.2 million in proceeds. SEC filing for Donna Anne Soloway stock sales
• Negative Sentiment: NSSC shares hit a new 52-week low, reinforcing concerns about momentum. The stock is trading below both its 50-day and 200-day moving averages, indicating continued technical weakness. NAPCO Security Technologies hits new 52-week low

Analyst Ratings Changes

A number of research firms have weighed in on NSSC. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 target price on shares of NAPCO Security Technologies in a research report on Friday, August 21st. DA Davidson set a $52.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.40.

NAPCO Security Technologies Price Performance

NASDAQ:NSSC opened at $35.35 on Monday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 29.21 and a beta of 1.45. The firm’s fifty day moving average price is $37.44 and its 200 day moving average price is $39.79. NAPCO Security Technologies, Inc. has a 1-year low of $33.91 and a 1-year high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $55.81 million during the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. NAPCO Security Technologies’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, analysts expect that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a dividend of $0.17 per share. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio is currently 56.20%.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, Chairman Richard Soloway sold 379,529 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the transaction, the chairman owned 621,958 shares in the company, valued at approximately $21,457,551. The trade was a 37.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna Anne Soloway sold 20,962 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total value of $725,704.44. Following the transaction, the director directly owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 523,962 shares of company stock valued at $18,257,168. 5.65% of the stock is owned by insiders.

NAPCO Security Technologies 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.