Charles Schwab Investment Management Inc. Purchases 83,871 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Charles Schwab Investment Management Inc. increased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 30.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,103 shares of the industrial products company’s stock after buying an additional 83,871 shares during the period. Charles Schwab Investment Management Inc. owned about 0.98% of Napco Security Technologies worth $14,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NSSC. Vaughan Nelson Investment Management L.P. acquired a new position in Napco Security Technologies during the 2nd quarter valued at approximately $31,504,000. Copeland Capital Management LLC increased its holdings in Napco Security Technologies by 108.6% in the third 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 in the last quarter. F M Investments LLC acquired a new position in shares of Napco Security Technologies during the 2nd quarter worth approximately $15,109,000. Emerald Advisers LLC lifted its position in shares of Napco Security Technologies by 118.3% during the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after buying an additional 264,789 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in Napco Security Technologies by 170.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock valued at $20,777,000 after purchasing an additional 252,252 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Insider Activity

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the transaction, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.24% of the company’s stock.

Analyst Ratings Changes

NSSC has been the subject of several research reports. DA Davidson dropped their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC boosted their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. TD Cowen reduced their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Craig Hallum lowered their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Napco Security Technologies Trading Down 0.8 %

Shares of NSSC opened at $39.64 on Monday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 29.15 and a beta of 1.62. The firm’s fifty day simple moving average is $38.91 and its 200-day simple moving average is $45.90. Napco Security Technologies, Inc. has a twelve month low of $31.14 and a twelve month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The company had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 36.76%.

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.