Burney Co. decreased its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 60.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,018 shares of the industrial products company’s stock after selling 1,549 shares during the quarter. Burney Co.’s holdings in Roper Technologies were worth $508,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Roper Technologies in the 2nd quarter valued at about $1,064,718,000. Massachusetts Financial Services Co. MA increased its holdings in Roper Technologies by 555.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 542,110 shares of the industrial products company’s stock valued at $307,290,000 after buying an additional 459,396 shares in the last quarter. Swedbank AB lifted its position in shares of Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock valued at $382,908,000 after acquiring an additional 451,549 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Roper Technologies by 501.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 324,152 shares of the industrial products company’s stock worth $183,742,000 after acquiring an additional 270,259 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Roper Technologies by 1,599.5% in the 2nd quarter. SG Americas Securities LLC now owns 274,909 shares of the industrial products company’s stock valued at $155,829,000 after purchasing an additional 258,733 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Stock Performance
Shares of NASDAQ ROP opened at $450.84 on Tuesday. The company has a 50-day simple moving average of $450.90 and a 200-day simple moving average of $504.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53. The company has a market cap of $48.53 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. Roper Technologies, Inc. has a 12 month low of $435.42 and a 12 month high of $595.17.
Roper Technologies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a $0.91 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, January 2nd. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Roper Technologies from $572.00 to $507.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Stifel Nicolaus set a $550.00 price objective on shares of Roper Technologies in a research note on Friday, October 24th. Jefferies Financial Group cut their target price on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Truist Financial set a $650.00 price target on shares of Roper Technologies in a report on Friday, October 24th. Finally, Piper Sandler initiated coverage on shares of Roper Technologies in a research note on Thursday, November 20th. They set an “overweight” rating and a $600.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $572.14.
View Our Latest Research Report on ROP
Insider Buying and Selling at Roper Technologies
In related news, CEO Laurence Neil Hunn sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $443.57, for a total value of $13,307,100.00. Following the completion of the transaction, the chief executive officer directly owned 87,311 shares in the company, valued at approximately $38,728,540.27. This represents a 25.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amy Woods Brinkley purchased 1,200 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average cost of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the purchase, the director owned 18,184 shares in the company, valued at $8,195,710.64. The trade was a 7.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.87% of the company’s stock.
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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