Bryn Mawr Trust Advisors LLC acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 423 shares of the industrial products company’s stock, valued at approximately $240,000.
A number of other large investors have also added to or reduced their stakes in ROP. Endowment Wealth Management Inc. grew its position in Roper Technologies by 3.4% during the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 18 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of Roper Technologies by 0.8% during the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 18 shares during the period. Winch Advisory Services LLC grew its position in shares of Roper Technologies by 2.2% in the 1st quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock worth $557,000 after buying an additional 20 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its holdings in Roper Technologies by 0.8% in the second quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock valued at $1,448,000 after acquiring an additional 20 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in shares of Roper Technologies by 2.9% during the second quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock valued at $407,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of ROP stock opened at $447.05 on Friday. Roper Technologies, Inc. has a one year low of $435.42 and a one year high of $595.17. The company has a market capitalization of $48.12 billion, a P/E ratio of 30.81, a P/E/G ratio of 2.13 and a beta of 0.98. The company’s 50-day simple moving average is $496.31 and its two-hundred day simple moving average is $535.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53.
Roper Technologies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be issued a $0.91 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. Roper Technologies’s payout ratio is currently 22.74%.
Analyst Ratings Changes
A number of equities analysts have weighed in on ROP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. TD Cowen decreased their target price on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Citigroup started coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price on the stock. Raymond James Financial cut their price target on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating for the company in a research note on Friday, October 24th. Finally, Mizuho reduced 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $577.83.
View Our Latest 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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