Core Capital Management & Research inc. acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,306 shares of the industrial products company’s stock, valued at approximately $2,472,000.
A number of other hedge funds also recently added to or reduced their stakes in ROP. Private Wealth Management Group LLC lifted its position 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 acquiring an additional 47 shares during the period. Triumph Capital Management purchased a new position in Roper Technologies in the 3rd quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Roper Technologies in the 2nd quarter valued at approximately $27,000. Tucker Asset Management LLC acquired a new position in Roper Technologies during the fourth quarter worth $33,000. Finally, Global Assets Advisory LLC purchased a new stake in Roper Technologies during the first quarter worth $36,000. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Stock Performance
NASDAQ ROP opened at $390.35 on Thursday. 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 fifty-two week low of $305.96 and a fifty-two week high of $521.28. The business has a fifty day moving average of $387.90 and a 200-day moving average of $359.38. The stock has a market cap of $38.61 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.98 and a beta of 0.75.
Roper Technologies Announces Dividend
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 payout ratio is 15.08%.
Insider Activity at Roper Technologies
In other Roper Technologies news, Director Richard F. Wallman sold 6,434 shares of Roper Technologies stock in a transaction that occurred 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 completion of the sale, the director directly owned 7,423 shares of the company’s stock, valued at approximately $2,679,703. The trade was a 46.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John K. Stipancich sold 2,000 shares of the stock in a transaction 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 in the company, valued at approximately $13,507,067.70. This represents a 5.31% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Argus upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Thursday, August 6th. Raymond James Financial lowered shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Robert W. Baird set a $480.00 target price on shares of Roper Technologies in a report on Friday, July 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $417.00 target price on shares of Roper Technologies in a research 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 report on Friday, August 14th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $466.94.
Check Out Our Latest Stock Report on ROP
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ:ROP) is a diversified technology company that develops and operates specialized businesses serving niche markets. Its portfolio primarily consists of software and technology-enabled businesses that provide products and services to commercial, government, healthcare, education, and other professional customers.
The company’s activities include vertical-market software, network and data-management software, and technology-enabled products. Its software businesses support functions such as healthcare operations, education administration, construction and engineering, legal and professional services, and enterprise workflow management.
Read More
- Five stocks we like better than Roper Technologies
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
