Van Hulzen Asset Management LLC purchased a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,226 shares of the industrial products company’s stock, valued at approximately $7,859,000.
A number of other institutional investors also recently made changes to their positions in the business. Private Wealth Management Group LLC grew its holdings in shares of Roper Technologies by 195.8% during the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. Triumph Capital Management purchased a new position in Roper Technologies in the 3rd quarter worth $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in Roper Technologies in the second quarter worth $27,000. Tucker Asset Management LLC purchased a new stake in Roper Technologies during the fourth quarter valued at about $33,000. Finally, Global Assets Advisory LLC bought a new position in shares of Roper Technologies during the first quarter valued at about $36,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Trading Up 0.9%
Roper Technologies stock opened at $415.51 on Tuesday. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $536.57. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $369.01 and its two-hundred day simple moving average is $352.96. The company has a market capitalization of $41.09 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.85 and a beta of 0.74.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. Roper Technologies’s dividend payout ratio is presently 15.08%.
Insider Activity at Roper Technologies
In related news, EVP John K. Stipancich sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $379.05, for a total value of $758,100.00. Following the transaction, the executive vice president directly owned 35,634 shares of the company’s stock, valued at approximately $13,507,067.70. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 6,434 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $361.00, for a total value of $2,322,674.00. Following the sale, the director owned 7,423 shares in the company, valued at approximately $2,679,703. This represents a 46.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Argus raised Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Thursday, August 6th. Robert W. Baird set a $480.00 price objective on Roper Technologies in a research report on Friday, July 24th. Mizuho set a $355.00 price objective on Roper Technologies in a research note on Tuesday, July 21st. Royal Bank Of Canada restated a “sector perform” rating and issued a $417.00 target price on shares of Roper Technologies in a report on Tuesday, August 18th. Finally, Weiss Ratings raised shares of Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $466.94.
View Our Latest Stock Analysis on Roper Technologies
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.
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