OMERS ADMINISTRATION Corp purchased a new stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,328 shares of the industrial products company’s stock, valued at approximately $1,465,000.
A number of other large investors have also recently modified their holdings of ROP. Brighton Jones LLC bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $203,000. Empowered Funds LLC lifted its position in Roper Technologies by 11.7% during the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after purchasing an additional 326 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in Roper Technologies in the 2nd quarter worth approximately $137,000. Nebula Research & Development LLC purchased a new position in Roper Technologies in the 2nd quarter worth approximately $977,000. Finally, Sei Investments Co. increased its holdings in shares of Roper Technologies by 22.6% in the 2nd quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock worth $34,928,000 after buying an additional 11,372 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Roper Technologies stock opened at $413.28 on Thursday. The firm has a fifty day simple moving average of $372.19 and a two-hundred day simple moving average of $353.78. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.57. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $532.18. The company has a market capitalization of $40.87 billion, a PE ratio of 17.12, a P/E/G ratio of 1.86 and a beta of 0.74.
Roper Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a $0.91 dividend. The ex-dividend date is Friday, October 2nd. This represents a $3.64 annualized dividend and a yield of 0.9%. Roper Technologies’s payout ratio is presently 15.08%.
Analysts Set New Price Targets
ROP has been the subject of a number of research analyst reports. Raymond James Financial downgraded shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 22nd. Zacks Research cut Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. Argus upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Thursday, August 6th. Finally, Mizuho set a $355.00 price objective on Roper Technologies in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $466.94.
Read Our Latest Stock Analysis on Roper Technologies
Insider Buying and Selling
In other news, EVP John K. Stipancich sold 2,000 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the completion of the sale, the executive vice president owned 35,634 shares of the company’s stock, valued at approximately $13,507,067.70. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 6,434 shares of Roper Technologies stock in a transaction on Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the completion of the transaction, the director directly owned 7,423 shares in the company, valued at approximately $2,679,703. The trade was a 46.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.
About Roper Technologies
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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