Rockefeller Capital Management L.P. Has $4.83 Million Stock Position in NAPCO Security Technologies, Inc. $NSSC

Rockefeller Capital Management L.P. cut its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 66.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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. owned approximately 0.32% of NAPCO Security Technologies worth $4,827,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Maseco LLP acquired a new position in NAPCO Security Technologies during the 4th quarter worth $25,000. IFP Advisors Inc grew its position in shares of NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 377 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of NAPCO Security Technologies in the third quarter valued at about $41,000. Acadian Asset Management LLC bought a new position in shares of NAPCO Security Technologies in the first quarter worth about $91,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of NAPCO Security Technologies in the fourth quarter worth about $107,000. Institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Stock Down 0.3%

Shares of NSSC opened at $37.29 on Friday. The company has a 50-day moving average price of $39.10 and a two-hundred day moving average price of $40.99. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 35.86 and a beta of 1.45. NAPCO Security Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $48.12.

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

NAPCO Security Technologies Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $52.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NAPCO Security Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

About NAPCO Security Technologies

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.