Signal Advisors Wealth LLC lessened its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 61.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,074 shares of the industrial products company’s stock after selling 9,831 shares during the period. Signal Advisors Wealth LLC’s holdings in Roper Technologies were worth $2,704,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Field & Main Bank bought a new position in Roper Technologies in the third quarter worth $25,000. Triumph Capital Management bought a new stake in Roper Technologies in the 3rd quarter valued at $25,000. Asset Dedication LLC raised its stake in shares of 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 lifted its holdings in shares of Roper Technologies by 89.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 25 shares during the period. Finally, Board of the Pension Protection Fund bought a new position in shares of Roper Technologies during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.2%
NASDAQ:ROP opened at $346.72 on Thursday. The stock’s fifty day moving average price is $358.94 and its two-hundred day moving average price is $429.74. The company has a market cap of $35.69 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.65 and a beta of 0.94. Roper Technologies, Inc. has a 52-week low of $313.07 and a 52-week high of $594.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is currently 25.63%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on ROP shares. Jefferies Financial Group set a $500.00 price target on Roper Technologies in a report on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Roper Technologies in a report on Wednesday, January 28th. JPMorgan Chase & Co. lowered their target price on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a research note on Wednesday, January 28th. Citigroup cut their price target on Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Finally, Melius Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target on the stock. in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $478.53.
Get Our Latest Analysis on Roper Technologies
Insider Activity at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the acquisition, the director directly owned 1,400 shares of the company’s stock, valued at approximately $501,844. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by corporate insiders.
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.
Further Reading
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