Legato Capital Management LLC Sells 11,710 Shares of NAPCO Security Technologies, Inc. $NSSC

Legato Capital Management LLC trimmed its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 42.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,764 shares of the industrial products company’s stock after selling 11,710 shares during the period. Legato Capital Management LLC’s holdings in NAPCO Security Technologies were worth $677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in NAPCO Security Technologies by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock worth $30,630,000 after purchasing an additional 14,501 shares during the last quarter. Millennium Management LLC lifted its position in NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after purchasing an additional 295,755 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of NAPCO Security Technologies by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 597,552 shares of the industrial products company’s stock worth $17,741,000 after buying an additional 46,668 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after buying an additional 254,007 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of NAPCO Security Technologies by 32.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 462,750 shares of the industrial products company’s stock worth $13,739,000 after buying an additional 112,895 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on NSSC shares. Zacks Research cut shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. DA Davidson reissued a “buy” rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, NAPCO Security Technologies has an average rating of “Moderate Buy” and an average price target of $47.83.

Insider Buying and Selling

In other NAPCO Security Technologies news, CEO Richard Soloway sold 150,000 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $42.74, for a total value of $6,411,000.00. Following the transaction, the chief executive officer owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. This represents a 10.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.65% of the stock is owned by company insiders.

NAPCO Security Technologies Trading Up 0.8%

Shares of NASDAQ:NSSC opened at $43.57 on Thursday. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $48.12. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 32.76 and a beta of 1.45. The firm’s 50-day moving average is $42.07 and its 200 day moving average is $41.41.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The business had revenue of $48.17 million during the quarter, compared to the consensus estimate of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 12th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, March 12th. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 42.11%.

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.