Fiduciary Family Office LLC lessened its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 30.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 390 shares of the industrial products company’s stock after selling 172 shares during the period. Fiduciary Family Office LLC’s holdings in Roper Technologies were worth $221,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Endowment Wealth Management Inc. boosted its stake in shares of Roper Technologies by 3.4% in the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 18 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Roper Technologies by 0.8% in the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 18 shares during the last quarter. Winch Advisory Services LLC raised its holdings in shares of Roper Technologies by 2.2% in the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock valued at $557,000 after buying an additional 20 shares during the last quarter. Townsend Asset Management Corp NC ADV raised its holdings in shares of 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 buying an additional 20 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its holdings in shares of Roper Technologies by 2.9% in 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 last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Trading Up 1.7%
Shares of Roper Technologies stock opened at $514.52 on Wednesday. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year high of $595.17. The firm has a market cap of $55.37 billion, a PE ratio of 36.16, a P/E/G ratio of 2.37 and a beta of 1.00. The stock has a fifty day moving average price of $514.79 and a 200-day moving average price of $543.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Citigroup assumed coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target for the company. Barclays cut their price target on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada lifted their price target on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $541.00 price objective (down from $577.00) on shares of Roper Technologies in a report on Wednesday, October 15th. Finally, Mizuho lowered their price target on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.82.
View Our Latest Analysis on ROP
Roper Technologies Company Profile
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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