Bull Harbor Capital LLC acquired a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,949 shares of the industrial products company’s stock, valued at approximately $690,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in Roper Technologies during the 3rd quarter valued at $25,000. Private Wealth Management Group LLC raised its stake in shares of Roper Technologies by 195.8% in the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after buying an additional 47 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at $33,000. Kelleher Financial Advisors bought a new position in Roper Technologies during the third quarter valued at about $40,000. Finally, MV Capital Management Inc. bought a new position in Roper Technologies during the fourth quarter valued at about $41,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Price Performance
Shares of NASDAQ:ROP opened at $389.25 on Friday. The company’s fifty day moving average is $345.41 and its two-hundred day moving average is $352.63. The company has a market cap of $39.28 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.84 and a beta of 0.76. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $556.23. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a $0.91 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. Roper Technologies’s dividend payout ratio is currently 15.08%.
Insider Transactions at Roper Technologies
In related news, EVP John K. Stipancich sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $379.05, for a total transaction 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. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 6,434 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were 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 owned 7,423 shares in the company, valued at approximately $2,679,703. This represents a 46.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have commented on ROP. Robert W. Baird set a $480.00 price target on shares of Roper Technologies in a research report on Friday, July 24th. 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. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a research note on Wednesday. Barclays cut their target price on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. Finally, BMO Capital Markets started coverage on shares of Roper Technologies in a research report on Friday, July 10th. They issued a “market perform” rating and a $393.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $468.00.
Read Our Latest 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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