National Pension Service boosted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,900 shares of the industrial products company’s stock after buying an additional 2,653 shares during the period. National Pension Service owned approximately 0.19% of Roper Technologies worth $63,245,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Private Wealth Management Group LLC grew its holdings in shares of Roper Technologies by 195.8% during the first quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Triumph Capital Management bought a new position in shares of Roper Technologies in the 3rd quarter worth $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Roper Technologies during the 2nd quarter worth $27,000. Tucker Asset Management LLC purchased a new position in Roper Technologies in the fourth quarter worth $33,000. Finally, Global Assets Advisory LLC bought a new position in Roper Technologies in the first quarter valued at $36,000. 93.31% of the stock is currently owned by institutional investors.
Roper Technologies Price Performance
Shares of Roper Technologies stock opened at $388.52 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51. The business’s 50 day simple moving average is $388.87 and its two-hundred day simple moving average is $359.96. The stock has a market capitalization of $38.42 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.94 and a beta of 0.75. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $521.28.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 2nd. Roper Technologies’s dividend payout ratio (DPR) is 15.08%.
Wall Street Analysts Forecast Growth
ROP has been the subject of a number of research reports. Weiss Ratings upgraded Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 14th. Zacks Research lowered Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $417.00 price target on shares of Roper Technologies in a research report on Tuesday, August 18th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a report on Wednesday, July 29th. Finally, Robert W. Baird set a $480.00 price objective on shares of Roper Technologies in a research note on Friday, July 24th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $466.94.
Check Out Our Latest Analysis on Roper Technologies
Insider Transactions at Roper Technologies
In other news, Director Richard Wallman sold 6,434 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 7,423 shares of the company’s stock, valued at approximately $2,679,703. This represents a 46.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John Stipancich sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $379.05, for a total value 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. The trade was a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by insiders.
Roper Technologies Profile
Roper Technologies, Inc (NASDAQ:ROP) is a diversified technology company that develops and operates specialized businesses serving niche markets. Its portfolio primarily consists of software and technology-enabled businesses that provide products and services to commercial, government, healthcare, education, and other professional customers.
The company’s activities include vertical-market software, network and data-management software, and technology-enabled products. Its software businesses support functions such as healthcare operations, education administration, construction and engineering, legal and professional services, and enterprise workflow management.
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