Oarsman Capital Inc. bought a new stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the second quarter, Holdings Channel reports. The institutional investor bought 363 shares of the industrial products company’s stock, valued at approximately $206,000.
A number of other large investors have also modified their holdings of ROP. Saudi Central Bank acquired a new position in shares of Roper Technologies in the first quarter valued at $25,000. Banque Transatlantique SA acquired a new position in Roper Technologies during the first quarter worth $25,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the first quarter worth $31,000. Wayfinding Financial LLC acquired a new position in Roper Technologies during the first quarter worth $31,000. Finally, J.Safra Asset Management Corp raised its stake in Roper Technologies by 222.7% during the second quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 49 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Price Performance
Roper Technologies stock opened at $446.28 on Thursday. The business’s 50-day simple moving average is $507.82 and its 200 day simple moving average is $541.10. The stock has a market cap of $48.02 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 2.18 and a beta of 1.00. Roper Technologies, Inc. has a 12-month low of $444.13 and a 12-month high of $595.17. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.46.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a $0.825 dividend. The ex-dividend date was Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.7%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Barclays dropped their price objective on Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a research note on Monday. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price for the company. Oppenheimer restated an “outperform” rating and issued a $570.00 target price on shares of Roper Technologies in a research note on Thursday, October 23rd. Robert W. Baird set a $592.00 target price on Roper Technologies in a research note on Friday, October 24th. Finally, Jefferies Financial Group lowered their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $577.83.
Check Out Our Latest Stock Analysis on Roper Technologies
About Roper Technologies
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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