Premier Fund Managers Ltd raised its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 370.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,840 shares of the industrial products company’s stock after purchasing an additional 103,840 shares during the quarter. Roper Technologies accounts for approximately 2.7% of Premier Fund Managers Ltd’s portfolio, making the stock its 3rd largest position. Premier Fund Managers Ltd owned about 0.12% of Roper Technologies worth $66,055,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Field & Main Bank acquired a new position in Roper Technologies during the 3rd quarter valued at about $25,000. Asset Dedication LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 40 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in shares of Roper Technologies by 89.3% during 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 buying an additional 25 shares during the last quarter. Quent Capital LLC bought a new stake in Roper Technologies during the third quarter worth $37,000. Finally, CoreFirst Bank & Trust bought a new position in Roper Technologies during the 2nd quarter valued at $39,000. 93.31% of the stock is owned by institutional investors.
Roper Technologies Trading Up 1.1%
Shares of Roper Technologies stock opened at $335.79 on Friday. The stock has a market capitalization of $36.14 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.61 and a beta of 0.92. Roper Technologies, Inc. has a 52-week low of $313.07 and a 52-week high of $595.17. 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 stock’s 50-day simple moving average is $400.34 and its 200 day simple moving average is $458.11.
Roper Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is 25.63%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and set a $385.00 price target (down from $550.00) on shares of Roper Technologies in a research report on Tuesday, January 27th. Royal Bank Of Canada dropped their target price on shares of Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. The Goldman Sachs Group reduced their target price on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Mizuho reduced their price objective on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating for the company in a research note on Wednesday, January 28th. Finally, Piper Sandler lowered their target price on Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $478.53.
View Our Latest Research Report on Roper Technologies
Insider Transactions at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of Roper Technologies stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.78% of the company’s stock.
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.
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