Victory Capital Management Inc. reduced its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,305 shares of the industrial products company’s stock after selling 1,482 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Roper Technologies worth $42,042,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ROP. CI Investments Inc. increased its holdings in Roper Technologies by 9.0% during the 3rd quarter. CI Investments Inc. now owns 824 shares of the industrial products company’s stock worth $411,000 after purchasing an additional 68 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Roper Technologies by 8.0% in the third quarter. Kingsview Wealth Management LLC now owns 524 shares of the industrial products company’s stock worth $261,000 after buying an additional 39 shares during the last quarter. Ballast Advisors LLC raised its holdings in Roper Technologies by 1.8% in the third quarter. Ballast Advisors LLC now owns 2,025 shares of the industrial products company’s stock valued at $1,010,000 after acquiring an additional 35 shares in the last quarter. 111 Capital acquired a new position in Roper Technologies during the 3rd quarter worth $1,895,000. Finally, Elo Mutual Pension Insurance Co increased its position in shares of Roper Technologies by 33.5% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 15,251 shares of the industrial products company’s stock worth $7,606,000 after purchasing an additional 3,829 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Trading Up 0.4%
Shares of NASDAQ:ROP opened at $367.50 on Friday. The company has a market cap of $37.83 billion, a PE ratio of 25.88, a P/E/G ratio of 1.76 and a beta of 0.94. The company’s 50-day moving average price is $381.10 and its 200 day moving average price is $445.68. Roper Technologies, Inc. has a fifty-two week low of $313.07 and a fifty-two week high of $594.25. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s dividend payout ratio is currently 25.63%.
Insider Activity
In other news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the business’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the transaction, the director directly owned 1,400 shares of the company’s stock, valued at approximately $501,844. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.78% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Piper Sandler decreased their price target on Roper Technologies from $600.00 to $530.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Argus reiterated a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Stifel Nicolaus restated a “hold” rating and set a $385.00 price objective (down from $550.00) on shares of Roper Technologies in a research note on Tuesday, January 27th. Oppenheimer reiterated a “market perform” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group reduced their price target on shares of Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Hold” and an average target price of $478.53.
Read Our Latest Stock Analysis on Roper Technologies
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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