Fox Run Management L.L.C. raised its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 146.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,654 shares of the industrial products company’s stock after buying an additional 2,173 shares during the quarter. Fox Run Management L.L.C.’s holdings in Roper Technologies were worth $1,822,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Field & Main Bank acquired a new position in shares of Roper Technologies in the third quarter valued at approximately $25,000. Asset Dedication LLC boosted its holdings in 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 purchasing an additional 40 shares during the period. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Roper Technologies by 89.3% in the 2nd 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. Quent Capital LLC purchased a new position in shares of Roper Technologies in the 3rd quarter valued at about $37,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the second quarter worth about $39,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Stock Up 0.6%
ROP opened at $337.70 on Wednesday. The business has a 50 day moving average price of $396.06 and a two-hundred day moving average price of $454.72. Roper Technologies, Inc. has a 52 week low of $313.07 and a 52 week high of $595.17. The company has a market cap of $36.35 billion, a PE ratio of 23.78, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is currently 25.63%.
Insiders Place Their Bets
In other news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of the firm’s stock in a transaction dated 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 purchase, the director directly owned 1,400 shares of the company’s stock, valued at $501,844. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.87% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on ROP. TD Cowen reiterated a “buy” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Melius Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 target price for the company. in a research note on Tuesday, January 27th. The Goldman Sachs Group lowered their price target on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Truist Financial reduced their price objective on shares of Roper Technologies from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $385.00 target price (down from $550.00) on shares of Roper Technologies in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $478.53.
Read Our Latest Report on Roper Technologies
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.
Read More
- Five stocks we like better than Roper Technologies
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- Buy this Gold Stock Before May 2026
- This makes me furious
- What a Former CIA Agent Knows About the Coming Collapse
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
