Alliancebernstein L.P. boosted its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,171,883 shares of the industrial products company’s stock after purchasing an additional 7,444 shares during the quarter. Alliancebernstein L.P. owned approximately 1.09% of Roper Technologies worth $584,406,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 11,092,444 shares of the industrial products company’s stock worth $5,531,691,000 after buying an additional 195,545 shares during the last quarter. State Street Corp grew its stake in Roper Technologies by 2.1% in the 2nd quarter. State Street Corp now owns 4,940,058 shares of the industrial products company’s stock valued at $2,800,222,000 after acquiring an additional 101,033 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Roper Technologies by 2.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock valued at $1,273,387,000 after acquiring an additional 54,221 shares in the last quarter. Norges Bank purchased a new position in Roper Technologies during the 2nd quarter valued at about $1,064,718,000. Finally, Franklin Resources Inc. raised its position in Roper Technologies by 2.1% during the third quarter. Franklin Resources Inc. now owns 1,847,398 shares of the industrial products company’s stock worth $921,279,000 after acquiring an additional 37,766 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Performance
NASDAQ:ROP opened at $351.00 on Friday. 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 firm has a market cap of $36.13 billion, a PE ratio of 24.72, a P/E/G ratio of 1.68 and a beta of 0.94. The firm has a 50 day simple moving average of $371.92 and a 200-day simple moving average of $439.44. Roper Technologies, Inc. has a 1-year low of $313.07 and a 1-year high of $594.25.
Roper Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, April 6th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Roper Technologies’s dividend payout ratio (DPR) is 25.63%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. TD Cowen reiterated a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Weiss Ratings downgraded Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Mizuho reduced their target price on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 28th. Royal Bank Of Canada lowered their target price on Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. dropped their price target on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $478.53.
Check Out Our Latest Stock Report on ROP
Insider Activity at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the purchase, the director owned 1,400 shares of the company’s stock, valued at $501,844. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is currently owned by corporate insiders.
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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