Baldwin Wealth Partners LLC MA lessened its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,122 shares of the industrial products company’s stock after selling 1,417 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Roper Technologies were worth $2,280,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Field & Main Bank acquired a new stake in Roper Technologies in the 3rd quarter valued at about $25,000. Triumph Capital Management acquired a new position in shares of Roper Technologies during the third quarter worth about $25,000. Asset Dedication LLC increased its stake in shares of Roper Technologies by 800.0% during the second quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock worth $26,000 after buying an additional 40 shares during the period. Vermillion & White Wealth Management Group LLC increased its stake in shares of 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 worth $30,000 after buying an additional 25 shares during the period. Finally, Board of the Pension Protection Fund acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.1%
Shares of NASDAQ ROP opened at $353.68 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. Roper Technologies, Inc. has a 1 year low of $313.07 and a 1 year high of $594.25. The stock’s 50-day simple moving average is $363.68 and its 200-day simple moving average is $433.99. The firm has a market cap of $36.40 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.69 and a beta of 0.94.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, April 6th. Roper Technologies’s payout ratio is 25.63%.
Insider Transactions at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average cost of $358.46 per share, with a total value of $501,844.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
ROP has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a report on Wednesday, January 28th. Argus reaffirmed a “hold” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Piper Sandler dropped their target price on Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Robert W. Baird set a $550.00 price target on Roper Technologies in a research note on Wednesday, January 28th. Finally, Melius Research downgraded Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target for the company. in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Roper Technologies has an average rating of “Hold” and an average target price of $478.53.
Read Our Latest Research Report on ROP
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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