TD Asset Management Inc raised its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,484 shares of the industrial products company’s stock after purchasing an additional 11,176 shares during the period. TD Asset Management Inc’s holdings in Roper Technologies were worth $53,601,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Waratah Capital Advisors Ltd. boosted its stake in Roper Technologies by 14.3% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 38,892 shares of the industrial products company’s stock worth $19,395,000 after purchasing an additional 4,873 shares during the period. Parr Mcknight Wealth Management Group LLC boosted its position in shares of Roper Technologies by 6.5% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 4,502 shares of the industrial products company’s stock valued at $2,245,000 after acquiring an additional 276 shares during the period. Mufg Securities Americas Inc. grew its stake in Roper Technologies by 21.8% during the third quarter. Mufg Securities Americas Inc. now owns 2,902 shares of the industrial products company’s stock valued at $1,447,000 after acquiring an additional 519 shares in the last quarter. Dakota Wealth Management increased its holdings in Roper Technologies by 73.4% during the 3rd quarter. Dakota Wealth Management now owns 5,917 shares of the industrial products company’s stock worth $2,951,000 after acquiring an additional 2,504 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Roper Technologies by 11.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,520 shares of the industrial products company’s stock valued at $758,000 after purchasing an additional 151 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Price Performance
ROP stock opened at $352.15 on Friday. The company has a market cap of $36.25 billion, a P/E ratio of 24.80, a PEG ratio of 1.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a 50-day moving average of $391.93 and a 200 day moving average of $453.24. Roper Technologies, Inc. has a 1 year low of $313.07 and a 1 year high of $595.17.
Roper Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s payout ratio is 25.63%.
Wall Street Analysts Forecast Growth
ROP has been the topic of a number of research analyst reports. TD Cowen reissued a “buy” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Royal Bank Of Canada reduced their target price on Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th. The Goldman Sachs Group dropped their price target on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Jefferies Financial Group set a $500.00 price objective on Roper Technologies in a report on Wednesday, January 28th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $385.00 price objective (down from $550.00) on shares of Roper Technologies in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $478.53.
Check Out Our Latest Stock Report on Roper Technologies
Insiders Place Their Bets
In other news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of Roper Technologies stock in a transaction on Friday, February 6th. The stock was acquired at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the purchase, the director owned 1,400 shares in the company, valued at $501,844. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.78% 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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