Bamco Inc. NY trimmed its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,060 shares of the industrial products company’s stock after selling 27,612 shares during the quarter. Bamco Inc. NY’s holdings in Roper Technologies were worth $112,734,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Field & Main Bank purchased a new stake in Roper Technologies in the 3rd quarter valued at approximately $25,000. Asset Dedication LLC raised its stake in shares of Roper Technologies by 800.0% during the 2nd quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock worth $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% in the 2nd 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 during the period. Quent Capital LLC purchased a new stake in shares of Roper Technologies in the third quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Up 1.2%
ROP opened at $351.00 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The company has a market cap of $36.13 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.68 and a beta of 0.94. Roper Technologies, Inc. has a one year low of $313.07 and a one year high of $594.25. The business’s fifty day moving average is $371.92 and its two-hundred day moving average is $439.44.
Roper Technologies Announces Dividend
The firm 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is 25.63%.
Insider Transactions at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of Roper Technologies stock in a transaction on Friday, February 6th. The shares were bought at an average price of $358.46 per share, with a total value of $501,844.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.78% of the company’s stock.
Analyst Ratings Changes
Several research firms have issued reports on ROP. Melius Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price objective for the company. in a research report on Tuesday, January 27th. Robert W. Baird set a $550.00 price target on shares of Roper Technologies in a research note on Wednesday, January 28th. Royal Bank Of Canada cut their price target 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. Weiss Ratings cut shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Jefferies Financial Group set a $500.00 price objective on shares of Roper Technologies in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $478.53.
Read Our Latest Stock Report on Roper Technologies
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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