Triad Investment Management bought a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,144 shares of the industrial products company’s stock, valued at approximately $5,406,000. Roper Technologies comprises approximately 5.5% of Triad Investment Management’s investment portfolio, making the stock its 3rd largest holding.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Field & Main Bank acquired a new stake in shares of Roper Technologies in the third quarter valued at about $25,000. Triumph Capital Management acquired a new position in shares of Roper Technologies in the third quarter worth approximately $25,000. Asset Dedication LLC boosted its holdings in Roper Technologies by 800.0% in the second quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in Roper Technologies in the fourth quarter valued at approximately $36,000. Finally, Quent Capital LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at approximately $37,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
NASDAQ:ROP opened at $355.87 on Thursday. 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, Inc. has a twelve month low of $313.07 and a twelve month high of $592.95. The company has a fifty day moving average of $352.99 and a 200-day moving average of $423.94. The firm has a market capitalization of $36.63 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.69 and a beta of 0.89.
Roper Technologies Dividend Announcement
The company also recently announced 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. The ex-dividend date is Monday, April 6th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Roper Technologies’s dividend payout ratio (DPR) is currently 25.63%.
Insider Activity at Roper Technologies
In other news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average cost of $358.46 per share, with a total value of $501,844.00. Following the transaction, the director directly owned 1,400 shares of the company’s stock, valued at approximately $501,844. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and issued a $385.00 price target (down from $550.00) on shares of Roper Technologies in a research report on Tuesday, January 27th. Melius Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 target price for the company. in a research note on Tuesday, January 27th. Truist Financial dropped their target price on shares of Roper Technologies from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Jefferies Financial Group set a $500.00 price target on Roper Technologies in a report on Wednesday, January 28th. Finally, Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $476.60.
Read Our Latest Stock Analysis on ROP
About Roper Technologies
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.
Featured Stories
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.
