North Star Asset Management Inc. boosted its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 31,855 shares of the industrial products company’s stock after buying an additional 2,155 shares during the period. North Star Asset Management Inc.’s holdings in Roper Technologies were worth $15,886,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of ROP. Trust Co. of Vermont boosted its stake in shares of Roper Technologies by 1.8% in the 3rd quarter. Trust Co. of Vermont now owns 1,106 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 20 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Roper Technologies by 1.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,668 shares of the industrial products company’s stock valued at $946,000 after purchasing an additional 21 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in Roper Technologies by 89.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock valued at $30,000 after buying an additional 25 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in Roper Technologies by 36.8% during the third quarter. Cornerstone Planning Group LLC now owns 93 shares of the industrial products company’s stock worth $46,000 after buying an additional 25 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Roper Technologies by 4.3% during the second quarter. J.W. Cole Advisors Inc. now owns 637 shares of the industrial products company’s stock worth $361,000 after buying an additional 26 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Trading Up 0.6%
Shares of ROP opened at $337.70 on Wednesday. The stock’s fifty day simple moving average is $396.06 and its 200-day simple moving average is $454.72. The firm has a market capitalization of $36.35 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. Roper Technologies, Inc. has a 12-month low of $313.07 and a 12-month high of $595.17. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.
Roper Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 6th. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is presently 25.63%.
Insider Buying and Selling
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $358.46 per share, with a total value of $501,844.00. Following the acquisition, the director owned 1,400 shares of the company’s stock, valued at approximately $501,844. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently commented on ROP. Argus reissued a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Jefferies Financial Group set a $500.00 price objective on Roper Technologies in a research note on Wednesday, January 28th. Stifel Nicolaus restated a “hold” rating and set a $385.00 target price (down from $550.00) on shares of Roper Technologies in a report on Tuesday, January 27th. JPMorgan Chase & Co. cut their price target on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a report on Wednesday, January 28th. Finally, Citigroup decreased their price objective on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Roper Technologies currently has an average rating of “Hold” and a consensus price target of $478.53.
Check Out Our Latest Analysis on ROP
Roper Technologies 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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