Jain Global LLC purchased a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 16,908 shares of the industrial products company’s stock, valued at approximately $8,432,000.
Other institutional investors also recently modified their holdings of the company. Field & Main Bank acquired a new position in Roper Technologies during the 3rd quarter worth about $25,000. Asset Dedication LLC lifted its stake in shares of Roper Technologies by 800.0% in the second quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 40 shares during the period. Vermillion & White Wealth Management Group LLC boosted its holdings in Roper Technologies by 89.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 25 shares during the last quarter. Quent Capital LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust bought a new position in Roper Technologies during the 2nd quarter worth approximately $39,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
ROP stock opened at $352.20 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The company’s 50-day moving average is $370.33 and its 200-day moving average is $437.59. The stock has a market capitalization of $36.25 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94. Roper Technologies, Inc. has a 1 year low of $313.07 and a 1 year high of $594.25.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Roper Technologies’s payout ratio is presently 25.63%.
Insider Buying and Selling at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $358.46 per share, with a total value of $501,844.00. Following the acquisition, the director owned 1,400 shares of the company’s stock, valued at approximately $501,844. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Citigroup reduced their price objective on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. The Goldman Sachs Group dropped their target price on shares of Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Melius Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target on the stock. in a research report on Tuesday, January 27th. Truist Financial lowered their price objective on Roper Technologies from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, Weiss Ratings lowered Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $478.53.
Check Out Our Latest Report on ROP
Roper Technologies 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.
See Also
- Five stocks we like better than Roper Technologies
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Silver paying 20% dividend. Plus 68% share gains
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
