Rockland Trust Co. boosted its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,457 shares of the industrial products company’s stock after purchasing an additional 2,862 shares during the period. Rockland Trust Co.’s holdings in Roper Technologies were worth $18,009,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of ROP. Asset Dedication LLC raised its stake in shares of Roper Technologies by 800.0% in the 2nd quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Field & Main Bank bought a new stake in shares of Roper Technologies in the 3rd quarter worth approximately $25,000. Triumph Capital Management bought a new stake in Roper Technologies in the third quarter valued at $25,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the 2nd quarter valued at about $39,000. Finally, Quent Capital LLC acquired a new position in shares of Roper Technologies during the third quarter worth approximately $37,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Stock Up 0.5%
Shares of ROP stock opened at $353.86 on Wednesday. Roper Technologies, Inc. has a 1 year low of $313.07 and a 1 year high of $593.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The business’s fifty day moving average is $353.96 and its 200-day moving average is $424.42. The stock has a market cap of $36.42 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94.
Roper Technologies Announces Dividend
The firm also recently disclosed 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 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 25.63%.
Wall Street Analysts Forecast Growth
ROP has been the topic of several analyst reports. Argus restated a “hold” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Royal Bank Of Canada decreased their price target on Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 28th. TD Cowen reissued a “buy” rating on shares of Roper Technologies in a report on Wednesday, January 28th. JPMorgan Chase & Co. cut their price objective on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 28th. Finally, Mizuho reduced their price objective on shares of Roper Technologies from $419.00 to $365.00 and set an “underperform” rating for the company in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $478.53.
Check Out Our Latest Stock Analysis on ROP
Insider Buying and Selling at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $358.46 per share, with a total value of $501,844.00. Following the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.87% 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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