Swiss National Bank increased its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 325,100 shares of the industrial products company’s stock after purchasing an additional 22,700 shares during the period. Swiss National Bank owned 0.30% of Roper Technologies worth $184,280,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $203,000. Mutual of America Capital Management LLC raised its stake in shares of Roper Technologies by 65.0% during the first quarter. Mutual of America Capital Management LLC now owns 21,198 shares of the industrial products company’s stock valued at $12,498,000 after purchasing an additional 8,354 shares during the period. Pinnacle Associates Ltd. lifted its position in shares of Roper Technologies by 5.9% during the first quarter. Pinnacle Associates Ltd. now owns 1,382 shares of the industrial products company’s stock worth $815,000 after purchasing an additional 77 shares in the last quarter. Carnegie Investment Counsel acquired a new position in shares of Roper Technologies during the first quarter worth $480,000. Finally, Advisor OS LLC grew its holdings in Roper Technologies by 7.8% during the 1st quarter. Advisor OS LLC now owns 416 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.7%
NASDAQ:ROP opened at $443.75 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.58. The company has a market capitalization of $47.76 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. Roper Technologies, Inc. has a one year low of $435.42 and a one year high of $595.17. The stock has a 50-day simple moving average of $481.55 and a 200 day simple moving average of $528.06.
Roper Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.8%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, January 2nd. Roper Technologies’s dividend payout ratio (DPR) is 25.09%.
Insider Buying and Selling at Roper Technologies
In other Roper Technologies news, CEO Laurence Neil Hunn purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average cost of $452.23 per share, with a total value of $4,522,300.00. Following the acquisition, the chief executive officer owned 97,311 shares of the company’s stock, valued at approximately $44,006,953.53. This represents a 11.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy Woods Brinkley acquired 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average price of $450.71 per share, for a total transaction of $540,852.00. Following the purchase, the director owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.78% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have commented on ROP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Roper Technologies in a report on Friday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $570.00 price target on shares of Roper Technologies in a research note on Thursday, October 23rd. Stifel Nicolaus set a $550.00 price target on Roper Technologies in a report on Friday, October 24th. Mizuho lowered their price objective on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $541.00 target price (down from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $579.54.
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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