Squarepoint Ops LLC increased its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 1,172.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 329,220 shares of the industrial products company’s stock after acquiring an additional 303,344 shares during the period. Squarepoint Ops LLC owned about 0.31% of Roper Technologies worth $164,179,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Field & Main Bank purchased a new position in Roper Technologies in the 3rd quarter worth approximately $25,000. Asset Dedication LLC boosted its stake in shares of Roper Technologies by 800.0% during 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 during the period. Vermillion & White Wealth Management Group LLC grew its holdings in shares of 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 worth $30,000 after purchasing an additional 25 shares during the last quarter. Quent Capital LLC bought a new position in shares of Roper Technologies in the third quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies in the second quarter worth $39,000. 93.31% of the stock is currently owned by institutional investors.
Roper Technologies Trading Up 1.2%
Shares of ROP opened at $351.00 on Friday. The firm’s 50-day moving average price is $371.92 and its 200-day moving average price is $440.03. The firm has a market capitalization of $36.13 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.66 and a beta of 0.94. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43. Roper Technologies, Inc. has a 1-year low of $313.07 and a 1-year high of $594.25.
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 given a $0.91 dividend. 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 dividend payout ratio is currently 25.63%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ROP. Melius Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target for the company. in a research report on Tuesday, January 27th. The Goldman Sachs Group lowered their price objective on shares of Roper Technologies from $507.00 to $440.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Barclays dropped their target price on shares of Roper Technologies from $475.00 to $409.00 and set an “underweight” rating for the company in a report on Wednesday, January 28th. Argus restated a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Finally, Truist Financial lowered their price target 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. One equities 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $478.53.
View Our Latest Analysis on ROP
Insider Activity at Roper Technologies
In other news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the purchase, the director directly owned 1,400 shares in the company, valued at $501,844. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is currently owned by insiders.
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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