Holocene Advisors LP boosted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 2,191.3% during the third quarter, HoldingsChannel.com reports. The firm owned 105,398 shares of the industrial products company’s stock after acquiring an additional 100,798 shares during the period. Holocene Advisors LP’s holdings in Roper Technologies were worth $52,561,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. raised its holdings in shares of Roper Technologies by 2.8% during the third quarter. Johnson Investment Counsel Inc. now owns 162,291 shares of the industrial products company’s stock worth $80,933,000 after acquiring an additional 4,479 shares in the last quarter. Stephens Inc. AR grew its stake in Roper Technologies by 36.5% in the third quarter. Stephens Inc. AR now owns 14,117 shares of the industrial products company’s stock valued at $7,040,000 after purchasing an additional 3,773 shares in the last quarter. ING Groep NV increased its position in Roper Technologies by 175.7% in the 3rd quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock worth $59,219,000 after purchasing an additional 75,675 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Roper Technologies by 2.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock worth $1,273,387,000 after purchasing an additional 54,221 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Roper Technologies by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock worth $6,176,798,000 after purchasing an additional 179,646 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of NASDAQ ROP opened at $352.20 on Tuesday. The business’s 50-day simple moving average is $370.33 and its 200-day simple moving average is $437.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. Roper Technologies, Inc. has a 52 week low of $313.07 and a 52 week high of $594.25. The firm has a market cap of $36.25 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.68 and a beta of 0.94.
Roper Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors 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 of this dividend is Monday, April 6th. Roper Technologies’s dividend payout ratio is currently 25.63%.
Insider Activity
In other news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the purchase, the director owned 1,400 shares of the company’s stock, valued at $501,844. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.
Analysts Set New Price Targets
ROP has been the subject of several recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $385.00 price target (down from $550.00) on shares of Roper Technologies in a research note on Tuesday, January 27th. 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 report on Wednesday, January 28th. Barclays reduced their target price on shares of Roper Technologies from $475.00 to $409.00 and set an “underweight” rating for the company in a research note on Wednesday, January 28th. Robert W. Baird set a $550.00 target price on shares of Roper Technologies in a research report on Wednesday, January 28th. Finally, Melius Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target on the stock. in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $478.53.
Get Our Latest Stock Analysis 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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