CCLA Investment Management reduced its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 281,360 shares of the industrial products company’s stock after selling 4,270 shares during the period. Roper Technologies comprises 2.0% of CCLA Investment Management’s investment portfolio, making the stock its 22nd largest position. CCLA Investment Management owned 0.26% of Roper Technologies worth $125,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Asset Dedication LLC increased its position in shares of Roper Technologies by 800.0% in the second quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 40 shares during the period. Field & Main Bank purchased a new position in shares of Roper Technologies in the third quarter valued at about $25,000. Triumph Capital Management purchased a new position in shares of Roper Technologies in the third quarter valued at about $25,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies during the second quarter valued at approximately $39,000. Finally, Quent Capital LLC purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $37,000. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Trading Down 0.8%
NASDAQ:ROP opened at $355.85 on Thursday. The company’s 50 day moving average price is $349.73 and its 200-day moving average price is $418.76. Roper Technologies, Inc. has a 52 week low of $313.07 and a 52 week high of $584.03. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. The stock has a market cap of $36.63 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.71 and a beta of 0.89.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is presently 25.63%.
Insider Transactions at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the purchase, the director directly owned 1,400 shares of the company’s stock, valued at $501,844. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Citigroup reduced their target price on Roper Technologies from $575.00 to $450.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Argus reiterated a “hold” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Piper Sandler reduced their price target on shares of Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Finally, Weiss Ratings cut shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $476.60.
View Our Latest Stock Report on ROP
Roper Technologies Company 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.
Further Reading
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