Martingale Asset Management L P reduced its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,800 shares of the industrial products company’s stock after selling 1,910 shares during the period. Martingale Asset Management L P’s holdings in Roper Technologies were worth $20,845,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in ROP. Quantitative Investment Management LLC acquired a new stake in shares of Roper Technologies in the third quarter worth about $296,000. Invesco Ltd. increased its holdings in shares of Roper Technologies by 12.1% during the 3rd quarter. Invesco Ltd. now owns 1,677,331 shares of the industrial products company’s stock valued at $836,468,000 after acquiring an additional 181,243 shares during the last quarter. Sei Investments Co. raised its stake in shares of Roper Technologies by 0.8% in the 3rd quarter. Sei Investments Co. now owns 62,115 shares of the industrial products company’s stock valued at $30,977,000 after acquiring an additional 494 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Roper Technologies by 2.0% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 216,127 shares of the industrial products company’s stock valued at $107,780,000 after acquiring an additional 4,201 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in Roper Technologies in the 3rd quarter worth approximately $27,901,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Down 1.6%
Shares of ROP stock opened at $346.78 on Friday. Roper Technologies, Inc. has a 12 month low of $313.07 and a 12 month 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. The firm has a market cap of $35.69 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94. The stock has a 50 day moving average of $373.59 and a 200-day moving average of $441.28.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is currently 25.63%.
Wall Street Analyst Weigh In
ROP has been the topic of several analyst reports. Barclays lowered their price target on Roper Technologies from $475.00 to $409.00 and set an “underweight” rating on the stock in a report on Wednesday, January 28th. Piper Sandler reduced their price objective on shares of Roper Technologies from $600.00 to $530.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Oppenheimer reiterated a “market perform” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Finally, Robert W. Baird set a $550.00 target price on shares of Roper Technologies in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $478.53.
Get Our Latest Analysis on ROP
Insider Activity
In related news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was acquired at an average price of $358.46 per share, with a total value of $501,844.00. Following the completion of the transaction, the director owned 1,400 shares of the company’s stock, valued at approximately $501,844. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.
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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