Fundsmith Reduces $52M in Napco Security Technologies, Inc. ($NSSC)

Fundsmith has significantly reduced its stake in Napco Security Technologies, Inc. (NasdaqGS: NSSC), according to its latest Form 13F filing with the SEC. The fund cut its position by 78.4%, selling off 1,396,261 shares to hold 383,596 shares valued at approximately $14.3 million as of the reporting period.

What Changed in Fundsmith's Napco Security Technologies Position

Fundsmith's recent filing shows a substantial reduction in its holdings of Napco Security Technologies. Previously holding 1,779,857 shares, the fund now owns 383,596 shares, marking a decrease of 1,396,261 shares or 78.4%. The current value of this position is about $14.3 million.

Other Institutional Activity in Napco Security Technologies

Other institutional investors have also been active in Napco Security Technologies. BlackRock, Inc. increased its holdings by 2,457,265 shares, bringing its total to 5,681,770 shares valued at approximately $223.8 million. Similarly, Copeland Capital Management, LLC added 588,297 shares, ending with 2,009,089 shares worth about $79.1 million. State Street Corp also grew its position by 535,188 shares, holding a total of 1,431,503 shares with a value of $56.5 million. On the other hand, Janus Henderson Group PLC trimmed its stake by 144,400 shares, now holding 1,424,963 shares valued at $56.1 million.

Napco Security Technologies Stock Snapshot

Shares of Napco Security Technologies are trading at $37.22. The company has a market cap of $1.33 billion and a P/E ratio of 36.1, with a forward P/E of 23.0. Its beta is 1.435, indicating higher volatility compared to the market. The stock's 52-week range is between $26.44 and $48.12. The company's current ratio stands at 4.95, with a quick ratio of 4.01 and a debt-to-equity ratio of 12.49.

Recent Earnings

Napco Security Technologies reported revenue of $197.2 million, reflecting a growth rate of 7.6%. The company's net margin is 18.7%, with a return on equity of 21.7%. Earnings per share (EPS) stand at $1.03. The next earnings announcement is scheduled for August 24, 2026.

Dividend

Napco Security Technologies offers an annual dividend rate of $0.60 per share, yielding 1.61%. The dividend payout ratio is 55.34%.

Insider Buying and Selling at Napco Security Technologies, Inc.

Recent insider activity at Napco Security Technologies includes several transactions. On May 18, 2026, Donna Anne Soloway bought and then sold 41,100 shares at an average price of $15.26. Stephen Spinelli, Senior Vice President of Sales, made multiple transactions on March 17, 2026, buying 13,972 shares at $10.02 and selling the same amount at the same price, along with selling an additional 3,212 shares at $43.59. CEO Richard Soloway sold 55,318 shares at $43.22 on March 3, 2026.

Analysts Set New Price Targets

Analysts have maintained their bullish stance on Napco Security Technologies. On May 5, 2026, both DA Davidson and TD Cowen reiterated their 'buy' ratings with price targets of $52 and $53, respectively. The consensus target price among analysts is $50.33, based on six opinions.

About Napco Security Technologies

Napco Security Technologies, Inc. develops and sells electronic security systems for various applications, including commercial and residential settings. The company offers a wide range of products such as access control systems, intrusion and fire alarm systems, and video surveillance systems. Headquartered in Amityville, New York, Napco was founded in 1969 and employs over 1,000 people. Its CEO is Richard L. Soloway.

Bottom Line

Fundsmith's significant reduction in Napco Security Technologies highlights shifting investment strategies. Investors closely watch these moves for insights, though 13F filings are historical and may not reflect current positions. Napco remains a notable player in the security sector, with active insider trading and strong analyst interest.