Diversify Advisory Services LLC bought a new position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the second quarter, Holdings Channel reports. The firm bought 2,087 shares of the industrial products company’s stock, valued at approximately $783,000.
Several other large investors have also added to or reduced their stakes in ROP. Empire Life Investments Inc. boosted its position in shares of Roper Technologies by 38.5% during the fourth quarter. Empire Life Investments Inc. now owns 45,517 shares of the industrial products company’s stock valued at $20,261,000 after buying an additional 12,645 shares during the last quarter. Horizon Investments LLC raised its position in Roper Technologies by 94.7% in the 4th quarter. Horizon Investments LLC now owns 9,519 shares of the industrial products company’s stock valued at $4,229,000 after buying an additional 4,629 shares during the last quarter. Vanguard Group Inc. raised its position in Roper Technologies by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock valued at $5,553,932,000 after buying an additional 1,384,656 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Roper Technologies by 31.6% during the 4th quarter. BNP Paribas Financial Markets now owns 444,950 shares of the industrial products company’s stock valued at $198,061,000 after acquiring an additional 106,902 shares in the last quarter. Finally, Mattern Capital Management LLC boosted its holdings in Roper Technologies by 36.6% during the 4th quarter. Mattern Capital Management LLC now owns 18,516 shares of the industrial products company’s stock worth $8,242,000 after acquiring an additional 4,966 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.8%
Shares of NASDAQ:ROP opened at $410.45 on Friday. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $540.34. The company has a market capitalization of $40.59 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.74. The business has a fifty day moving average price of $365.81 and a two-hundred day moving average price of $352.22. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $3.64 annualized dividend and a yield of 0.9%. Roper Technologies’s payout ratio is currently 15.08%.
Insider Transactions at Roper Technologies
In other news, Director Richard F. Wallman sold 6,434 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the completion of the sale, the director owned 7,423 shares in the company, valued at $2,679,703. This trade represents a 46.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John K. Stipancich sold 2,000 shares of Roper Technologies stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the completion of the sale, the executive vice president directly owned 35,634 shares in the company, valued at $13,507,067.70. This trade represents a 5.31% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research firms have recently issued reports on ROP. Weiss Ratings upgraded shares of Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 14th. BMO Capital Markets began coverage on shares of Roper Technologies in a research report on Friday, July 10th. They set a “market perform” rating and a $393.00 price target on the stock. Barclays reduced their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $417.00 price objective on shares of Roper Technologies in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $466.94.
Get Our Latest Stock Report on Roper Technologies
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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