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

Fundsmith LLP lifted its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 58.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 606,974 shares of the industrial products company’s stock after purchasing an additional 223,378 shares during the period. Fundsmith LLP’s holdings in NAPCO Security Technologies were worth $23,053,000 as of its most recent SEC filing.

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

NAPCO Security Technologies News Summary

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

NAPCO Security Technologies Price Performance

NASDAQ NSSC opened at $35.35 on Monday. NAPCO Security Technologies, Inc. has a fifty-two week low of $33.91 and a fifty-two week high of $51.77. The business has a fifty day moving average of $37.44 and a 200-day moving average of $39.79. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 29.21 and a beta of 1.45.

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

NAPCO Security Technologies Increases Dividend

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

Insider Transactions at NAPCO Security Technologies

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

Analyst Upgrades and Downgrades

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

NAPCO Security Technologies Company 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.