American National Bank & Trust decreased its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 99.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170 shares of the industrial products company’s stock after selling 21,191 shares during the period. American National Bank & Trust’s holdings in Roper Technologies were worth $76,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in ROP. Brighton Jones LLC acquired a new stake in Roper Technologies in the fourth quarter valued at $203,000. Empowered Funds LLC boosted its holdings in Roper Technologies by 11.7% during the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock worth $1,832,000 after buying an additional 326 shares in the last quarter. XTX Topco Ltd purchased a new stake in Roper Technologies during the second quarter worth about $255,000. Edgestream Partners L.P. acquired a new position in Roper Technologies during the second quarter worth about $253,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Roper Technologies by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the industrial products company’s stock valued at $776,000 after buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Price Performance
Roper Technologies stock opened at $357.88 on Friday. The stock has a market capitalization of $36.84 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.71 and a beta of 0.89. Roper Technologies, Inc. has a 12-month low of $313.07 and a 12-month high of $590.50. 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’s 50-day moving average is $351.00 and its two-hundred day moving average is $421.90.
Roper Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be issued a $0.91 dividend. The ex-dividend date is Monday, April 6th. This represents a $3.64 annualized dividend and a yield of 1.0%. Roper Technologies’s payout ratio is 25.63%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ROP. Stifel Nicolaus reaffirmed a “hold” rating and issued a $385.00 price objective (down from $550.00) on shares of Roper Technologies in a research note on Tuesday, January 27th. JPMorgan Chase & Co. lowered their target price on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating on the stock in a report on Wednesday, January 28th. Barclays dropped their price target on Roper Technologies from $409.00 to $380.00 and set an “underweight” rating for the company in a research report on Wednesday. Oppenheimer reiterated a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Finally, Robert W. Baird set a $550.00 target price on shares of Roper Technologies in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Hold” and a consensus price target of $476.60.
View Our Latest Stock Analysis on ROP
Insider Activity at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the acquisition, the director directly owned 1,400 shares in the company, valued at approximately $501,844. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.
Further Reading
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