Greenleaf Trust raised its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,019 shares of the industrial products company’s stock after purchasing an additional 1,338 shares during the quarter. Greenleaf Trust’s holdings in Roper Technologies were worth $13,880,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ROP. Private Wealth Management Group LLC boosted its stake in Roper Technologies by 195.8% during the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 47 shares during the period. Triumph Capital Management acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Roper Technologies during the second quarter worth about $27,000. Tucker Asset Management LLC bought a new position in Roper Technologies during the 4th quarter worth $33,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Roper Technologies during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Trading Up 0.8%
ROP opened at $426.20 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $42.15 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.92 and a beta of 0.74. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $532.18. The stock has a 50-day moving average of $375.96 and a 200 day moving average of $354.71.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. Roper Technologies’s dividend payout ratio (DPR) is currently 15.08%.
Insider Buying and Selling
In other news, EVP John K. Stipancich sold 2,000 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the sale, the executive vice president owned 35,634 shares of the company’s stock, valued at approximately $13,507,067.70. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 6,434 shares of Roper Technologies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $361.00, for a total value of $2,322,674.00. Following the sale, the director directly owned 7,423 shares of the company’s stock, valued at $2,679,703. This trade represents a 46.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.
Analysts Set New Price Targets
ROP has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $417.00 price target on shares of Roper Technologies in a research report on Tuesday, August 18th. Argus raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Thursday, August 6th. Zacks Research lowered Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Robert W. Baird set a $480.00 target price on Roper Technologies in a report on Friday, July 24th. Finally, Raymond James Financial cut Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $466.94.
Get Our Latest Report on Roper Technologies
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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