Aquatic Capital Management LLC raised its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,375 shares of the industrial products company’s stock after purchasing an additional 10,536 shares during the period. Aquatic Capital Management LLC’s holdings in Roper Technologies were worth $23,625,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of ROP. Field & Main Bank purchased a new stake in shares of Roper Technologies during the third quarter worth about $25,000. Asset Dedication LLC lifted its stake in Roper Technologies by 800.0% in the 2nd quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock valued at $26,000 after buying an additional 40 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in Roper Technologies by 89.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock worth $30,000 after buying an additional 25 shares during the last quarter. Quent Capital LLC purchased a new stake in Roper Technologies during the 3rd quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Price Performance
ROP stock opened at $351.00 on Friday. 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 business has a 50 day simple moving average of $371.92 and a 200-day simple moving average of $439.44. The firm has a market capitalization of $36.13 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94. Roper Technologies, Inc. has a 1 year low of $313.07 and a 1 year high of $594.25.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, April 6th. Roper Technologies’s payout ratio is currently 25.63%.
Insider Activity at Roper Technologies
In other news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of the stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $358.46 per share, with a total value of $501,844.00. Following the transaction, the director owned 1,400 shares in the company, valued at $501,844. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Piper Sandler decreased their target price on Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Mizuho dropped their price target on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating for the company in a research report on Wednesday, January 28th. Citigroup decreased their price objective on Roper Technologies from $575.00 to $450.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada dropped their target price on shares of Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Hold” and a consensus target price of $478.53.
View Our Latest Analysis on ROP
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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