111 Capital acquired a new stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,799 shares of the industrial products company’s stock, valued at approximately $1,895,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROP. Trust Co. of Vermont raised its position in Roper Technologies by 1.8% during the third quarter. Trust Co. of Vermont now owns 1,106 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 20 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Roper Technologies by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 1,668 shares of the industrial products company’s stock worth $946,000 after purchasing an additional 21 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its position in shares of Roper Technologies by 89.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 25 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Roper Technologies by 36.8% during the 3rd quarter. Cornerstone Planning Group LLC now owns 93 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 25 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in Roper Technologies by 4.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 637 shares of the industrial products company’s stock valued at $361,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Trading Down 0.7%
Shares of ROP stock opened at $349.73 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43. Roper Technologies, Inc. has a twelve month low of $313.07 and a twelve month high of $595.17. The company’s 50-day moving average price is $390.03 and its 200-day moving average price is $451.03. The stock has a market cap of $36.00 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.67 and a beta of 0.94.
Roper Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors 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 is Monday, April 6th. Roper Technologies’s dividend payout ratio is presently 25.63%.
Analyst Ratings Changes
A number of brokerages have commented on ROP. Piper Sandler reduced their target price on Roper Technologies from $600.00 to $530.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Truist Financial dropped their price target on Roper Technologies from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Melius Research lowered Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price objective on the stock. in a report on Tuesday, January 27th. JPMorgan Chase & Co. lowered their target price on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 28th. Finally, Citigroup reduced their target price on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $478.53.
Insider Transactions at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of Roper Technologies stock in a transaction on Friday, February 6th. The shares were bought at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the transaction, the director directly owned 1,400 shares of the company’s stock, valued at $501,844. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.87% of the stock is currently owned by company 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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