Osprey Private Wealth LLC increased its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 62.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,107 shares of the industrial products company’s stock after purchasing an additional 3,117 shares during the quarter. Roper Technologies comprises about 1.5% of Osprey Private Wealth LLC’s portfolio, making the stock its 27th biggest holding. Osprey Private Wealth LLC’s holdings in Roper Technologies were worth $4,043,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Roper Technologies by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock worth $6,176,798,000 after acquiring an additional 179,646 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Roper Technologies by 9.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after purchasing an additional 500,764 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Roper Technologies by 0.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company’s stock valued at $3,049,155,000 after purchasing an additional 20,238 shares in the last quarter. State Street Corp increased its position in shares of Roper Technologies by 2.1% during the 2nd quarter. State Street Corp now owns 4,940,058 shares of the industrial products company’s stock valued at $2,800,222,000 after purchasing an additional 101,033 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Roper Technologies by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,574,503 shares of the industrial products company’s stock worth $1,453,557,000 after buying an additional 27,386 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP stock opened at $452.24 on Thursday. The company has a market capitalization of $48.68 billion, a price-to-earnings ratio of 31.17, a P/E/G ratio of 2.23 and a beta of 0.94. Roper Technologies, Inc. has a 1-year low of $435.42 and a 1-year high of $595.17. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $460.23 and its 200-day simple moving average is $511.71.
Roper Technologies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.91 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Analyst Upgrades and Downgrades
ROP has been the topic of several research reports. Piper Sandler assumed coverage on shares of Roper Technologies in a research report on Thursday, November 20th. They issued an “overweight” rating and a $600.00 price target on the stock. TD Cowen dropped their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Royal Bank Of Canada lowered Roper Technologies from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $644.00 to $539.00 in a research note on Monday, October 27th. Barclays reduced their target price on Roper Technologies from $506.00 to $475.00 and set an “underweight” rating for the company in a report on Thursday, December 4th. Finally, Raymond James Financial dropped their price target on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $572.14.
Insiders Place Their Bets
In related news, CEO Laurence Neil Hunn sold 30,000 shares of Roper Technologies stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $443.57, for a total transaction of $13,307,100.00. Following the completion of the sale, the chief executive officer owned 87,311 shares of the company’s stock, valued at approximately $38,728,540.27. This trade represents a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Woods Brinkley purchased 1,200 shares of Roper Technologies stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the acquisition, the director owned 18,184 shares in the company, valued at $8,195,710.64. The trade was a 7.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.78% of the company’s stock.
About Roper Technologies
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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