Fundsmith Reduces $52M in Napco Security Technologies, Inc. ($NSSC)
Key Points
- Fundsmith changed its Napco Security Technologies, Inc. ($NSSC) stake by 78.4% last quarter, cutting to 383,596 shares worth $14.28 million.
- $NSSC last traded around $37.22.
Fundsmith reduced its position in Napco Security Technologies, Inc. ($NSSC) by 78.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 383,596 shares of Napco Security Technologies, Inc. after selling 1,396,261 shares during the quarter. Fundsmith's holdings in Napco Security Technologies, Inc. were worth $14.28 million as of its most recent filing.
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About Napco Security Technologies, Inc.
Napco Security Technologies, Inc. engages in the development, manufacturing, and sale of electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. The company's 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. Its alarm systems include automatic communicators, cellular communication devices, control panels, combination control panels/digital communicators and digital keypad systems, fire alarm control panels, and area detectors; and video surveillance systems comprise video cameras, control panels, video monitors, or PCs. The company also buys and resells various identification readers, video cameras, PC-based computers, and various peripheral equipment for access control and video surveillance systems; offers school security products; and markets peripheral and related equipment manufactured by other companies. It markets and sells its products to independent distributors, dealers, and installers of security equipment. Napco Security Technologies, Inc. was founded in 1969 and is headquartered in Amityville, New York.
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