Aviso Financial Inc. grew its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,126 shares of the industrial products company’s stock after acquiring an additional 186 shares during the quarter. Aviso Financial Inc.’s holdings in Roper Technologies were worth $2,339,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Corbyn Investment Management Inc. MD bought a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $567,000. Vanguard Group Inc. grew its position in Roper Technologies by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock valued at $6,176,798,000 after acquiring an additional 179,646 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Roper Technologies by 20.0% in the first quarter. BNP Paribas Financial Markets now owns 383,373 shares of the industrial products company’s stock worth $226,029,000 after purchasing an additional 63,988 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Roper Technologies by 7.5% during the first quarter. Harvest Fund Management Co. Ltd now owns 6,783 shares of the industrial products company’s stock worth $3,998,000 after purchasing an additional 472 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Roper Technologies by 20.5% during the second quarter. Avantax Advisory Services Inc. now owns 5,177 shares of the industrial products company’s stock valued at $2,935,000 after purchasing an additional 879 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Trading Down 0.9%
Shares of NASDAQ:ROP opened at $439.64 on Tuesday. The company has a market capitalization of $47.32 billion, a PE ratio of 30.30, a P/E/G ratio of 2.13 and a beta of 0.98. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. Roper Technologies, Inc. has a 12-month low of $435.42 and a 12-month high of $595.17. The business’s fifty day simple moving average is $480.24 and its 200-day simple moving average is $526.48.
Roper Technologies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be issued a $0.91 dividend. The ex-dividend date is Friday, January 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s dividend payout ratio (DPR) is 25.09%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ROP. Robert W. Baird set a $592.00 price target on shares of Roper Technologies in a research note on Friday, October 24th. Barclays dropped their target price on shares of Roper Technologies from $550.00 to $506.00 and set an “underweight” rating on the stock in a research note on Monday, October 27th. Truist Financial set a $650.00 target price on shares of Roper Technologies in a research report on Friday, October 24th. Piper Sandler began coverage on Roper Technologies in a report on Thursday, November 20th. They issued an “overweight” rating and a $600.00 price target for the company. Finally, Oppenheimer restated an “outperform” rating and set a $570.00 price objective on shares of Roper Technologies in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $579.54.
Insider Activity at Roper Technologies
In other news, Director Amy Woods Brinkley acquired 1,200 shares of Roper Technologies stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $450.71 per share, for a total transaction of $540,852.00. Following the purchase, the director directly owned 18,184 shares in the company, valued at $8,195,710.64. The trade was a 7.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Laurence Neil Hunn sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $443.57, for a total transaction of $13,307,100.00. Following the completion of the sale, the chief executive officer owned 87,311 shares of the company’s stock, valued at approximately $38,728,540.27. This trade represents a 25.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.78% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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