Evelyn Partners Investment Management LLP boosted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 372.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,905 shares of the industrial products company’s stock after buying an additional 23,579 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Roper Technologies were worth $16,481,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of ROP. Vanguard Group Inc. raised its stake in Roper Technologies by 1.7% during the second quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock worth $6,176,798,000 after purchasing an additional 179,646 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Roper Technologies by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after purchasing an additional 500,764 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Roper Technologies by 0.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company’s stock valued at $3,049,155,000 after buying an additional 20,238 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Roper Technologies by 1.1% during the second quarter. Geode Capital Management LLC now owns 2,574,503 shares of the industrial products company’s stock valued at $1,453,557,000 after acquiring an additional 27,386 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Roper Technologies in the 1st quarter valued at $894,764,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Trading Up 0.7%
Roper Technologies stock opened at $443.75 on Friday. The stock has a market cap of $47.76 billion, a PE ratio of 30.58, a P/E/G ratio of 2.13 and a beta of 0.98. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $481.55 and a 200 day moving average price of $528.06. Roper Technologies, Inc. has a 52 week low of $435.42 and a 52 week high of $595.17.
Roper Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s payout ratio is 25.09%.
Insider Buying and Selling at Roper Technologies
In related news, Director Amy Woods Brinkley acquired 1,200 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $450.71 per share, with a total value of $540,852.00. Following the completion of the transaction, the director directly owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This trade represents a 7.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laurence Neil Hunn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $443.57, for a total value of $13,307,100.00. Following the completion of the transaction, the chief executive officer owned 87,311 shares of the company’s stock, valued at approximately $38,728,540.27. This represents a 25.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.78% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on ROP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. Citigroup began coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price objective for the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $541.00 target price (down previously from $577.00) on shares of Roper Technologies in a report on Wednesday, October 15th. Piper Sandler assumed coverage on shares of Roper Technologies in a report on Thursday. They issued an “overweight” rating and a $600.00 target price for the company. Finally, Mizuho lowered their target price on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $579.54.
Read Our Latest Research Report on Roper Technologies
Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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