State Street Corp Has $31.79 Million Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

State Street Corp raised its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 2.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 783,327 shares of the industrial products company’s stock after purchasing an additional 16,931 shares during the quarter. State Street Corp’s holdings in Napco Security Technologies were worth $31,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Thrivent Financial for Lutherans bought a new stake in shares of Napco Security Technologies during the third quarter valued at approximately $2,644,000. Natixis Advisors LLC acquired a new position in Napco Security Technologies during the 2nd quarter worth $6,141,000. Envestnet Asset Management Inc. boosted its position in Napco Security Technologies by 35.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock valued at $20,019,000 after buying an additional 101,182 shares during the last quarter. Copeland Capital Management LLC boosted its position in Napco Security Technologies by 108.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after buying an additional 540,436 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of Napco Security Technologies by 426.5% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company’s stock valued at $9,629,000 after buying an additional 192,790 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

Shares of NSSC stock opened at $36.29 on Friday. The stock has a market cap of $1.33 billion, a PE ratio of 26.68 and a beta of 1.62. The stock has a 50-day moving average of $38.61 and a 200-day moving average of $45.04. Napco Security Technologies, Inc. has a one year low of $31.27 and a one year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, research analysts anticipate that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NSSC. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Needham & Company LLC upped their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Craig Hallum lowered their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Lake Street Capital dropped their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, DA Davidson reduced their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

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.