Park Place Capital Corp decreased its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 98.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68 shares of the industrial products company’s stock after selling 3,511 shares during the period. Park Place Capital Corp’s holdings in Roper Technologies were worth $30,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. increased its position in shares of Roper Technologies by 2.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 162,291 shares of the industrial products company’s stock valued at $80,933,000 after purchasing an additional 4,479 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Roper Technologies by 36.5% in the third quarter. Stephens Inc. AR now owns 14,117 shares of the industrial products company’s stock worth $7,040,000 after buying an additional 3,773 shares during the last quarter. ING Groep NV grew its position in Roper Technologies by 175.7% during the third quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock valued at $59,219,000 after buying an additional 75,675 shares during the period. Principal Financial Group Inc. increased its holdings in Roper Technologies by 2.2% during the third quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock valued at $1,273,387,000 after buying an additional 54,221 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Roper Technologies by 2,340.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,943 shares of the industrial products company’s stock valued at $10,444,000 after buying an additional 20,085 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
ROP opened at $345.93 on Wednesday. The company has a 50 day simple moving average of $360.49 and a two-hundred day simple moving average of $430.32. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a market cap of $35.61 billion, a P/E ratio of 24.36, a PEG ratio of 1.69 and a beta of 0.94. Roper Technologies, Inc. has a 1-year low of $313.07 and a 1-year high of $594.25.
Roper Technologies Announces Dividend
The firm also recently disclosed 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. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, April 6th. Roper Technologies’s payout ratio is presently 25.63%.
Insider Activity at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average price of $358.46 per share, with a total value of $501,844.00. Following the completion of the purchase, the director directly owned 1,400 shares in the company, valued at approximately $501,844. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research analysts have recently weighed in on ROP shares. Robert W. Baird set a $550.00 price target on shares of Roper Technologies in a research note on Wednesday, January 28th. Argus reaffirmed a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Mizuho lowered their target price on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 28th. Truist Financial cut their price target on Roper Technologies from $650.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Finally, TD Cowen restated a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $478.53.
Check Out 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.
Further Reading
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