JPMorgan Chase & Co. Has $11.06 Million Holdings in NAPCO Security Technologies, Inc. $NSSC

JPMorgan Chase & Co. trimmed its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 56.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,403 shares of the industrial products company’s stock after selling 340,149 shares during the quarter. JPMorgan Chase & Co.’s holdings in NAPCO Security Technologies were worth $11,055,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Linden Thomas Advisory Services LLC boosted its stake in NAPCO Security Technologies by 4.1% during the third quarter. Linden Thomas Advisory Services LLC now owns 42,636 shares of the industrial products company’s stock worth $1,831,000 after buying an additional 1,665 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at $467,000. Cornerstone Planning Group LLC bought a new position in shares of NAPCO Security Technologies during the 3rd quarter worth about $25,000. State of Wyoming acquired a new stake in shares of NAPCO Security Technologies during the 3rd quarter valued at about $41,000. Finally, Principal Financial Group Inc. boosted its position in shares of NAPCO Security Technologies by 100.0% during the 3rd quarter. Principal Financial Group Inc. now owns 66,781 shares of the industrial products company’s stock valued at $2,868,000 after acquiring an additional 33,394 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Trading Down 2.2%

NASDAQ NSSC opened at $42.59 on Friday. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $48.12. The company has a 50 day moving average of $42.08 and a 200-day moving average of $41.41. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 32.02 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.The business had revenue of $48.17 million for the quarter, compared to analyst estimates of $47.82 million. During the same period in the prior year, the company earned $0.28 EPS. NAPCO Security Technologies’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 12th. NAPCO Security Technologies’s dividend payout ratio is 42.11%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at NAPCO Security Technologies

In related news, CEO Richard Soloway sold 150,000 shares of NAPCO Security Technologies stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. The trade was a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies 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.