APG Asset Management N.V. lowered its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,897 shares of the industrial products company’s stock after selling 3,100 shares during the quarter. APG Asset Management N.V. owned approximately 0.13% of Roper Technologies worth $70,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in ROP. Asset Dedication LLC boosted its stake in shares of Roper Technologies by 800.0% in the 2nd quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Field & Main Bank bought a new stake in Roper Technologies in the third quarter worth $25,000. Vermillion & White Wealth Management Group LLC boosted its position in Roper Technologies by 89.3% during 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 during the period. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies during the second quarter valued at about $39,000. Finally, Westside Investment Management Inc. increased its holdings in shares of Roper Technologies by 242.9% in the second quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock worth $41,000 after buying an additional 51 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Price Performance
ROP stock opened at $349.73 on Friday. The firm has a 50-day moving average of $390.03 and a 200 day moving average of $451.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The company has a market cap of $36.00 billion, a P/E ratio of 24.63, a PEG ratio of 1.67 and a beta of 0.92. Roper Technologies, Inc. has a 1 year low of $313.07 and a 1 year high of $595.17.
Roper Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $3.64 annualized dividend and a yield of 1.0%. Roper Technologies’s dividend payout ratio (DPR) is currently 25.63%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on ROP shares. Royal Bank Of Canada dropped their target price on Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Truist Financial cut their target price on shares of Roper Technologies from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. TD Cowen reiterated a “buy” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Mizuho cut their price target on shares of Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group decreased their price objective on shares of Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $478.53.
Check Out Our Latest Stock Report on Roper Technologies
Insider Activity at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average price of $358.46 per share, with a total value of $501,844.00. Following the completion of the purchase, the director directly owned 1,400 shares of the company’s stock, valued at approximately $501,844. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.78% of the company’s stock.
About Roper Technologies
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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