Triad Investment Management purchased a new stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,144 shares of the industrial products company’s stock, valued at approximately $5,406,000. Roper Technologies makes up about 5.5% of Triad Investment Management’s investment portfolio, making the stock its 3rd biggest holding.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Field & Main Bank acquired a new position in shares of Roper Technologies in the 3rd quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in shares of Roper Technologies during the 3rd quarter worth approximately $25,000. Asset Dedication LLC increased its stake 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 acquired a new position in Roper Technologies during the fourth quarter valued at approximately $36,000. Finally, Quent Capital LLC acquired a new position in Roper Technologies during the third quarter valued at approximately $37,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.6%
Shares of NASDAQ:ROP opened at $355.87 on Thursday. Roper Technologies, Inc. has a 52-week low of $313.07 and a 52-week high of $592.95. The company has a market capitalization of $36.63 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.69 and a beta of 0.89. 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 company has a fifty day moving average of $352.99 and a 200-day moving average of $423.94.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, April 6th. Roper Technologies’s payout ratio is 25.63%.
Insider Activity
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the acquisition, the director directly owned 1,400 shares in the company, valued at $501,844. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.78% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reduced their target price on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. TD Cowen restated a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Truist Financial reduced their price objective on Roper Technologies from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Argus reiterated a “hold” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Finally, Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a 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 company presently has an average rating of “Hold” and an average price target of $476.60.
Get Our Latest Stock Report on ROP
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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