Benchmark Investment Advisors LLC acquired a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,320 shares of the industrial products company’s stock, valued at approximately $1,157,000.
Several other hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC grew its position in Roper Technologies by 800.0% during the 2nd quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 40 shares during the period. Field & Main Bank purchased a new stake in shares of Roper Technologies in the third quarter worth about $25,000. Vermillion & White Wealth Management Group LLC grew its holdings in 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 acquiring an additional 25 shares during the period. CoreFirst Bank & Trust acquired a new stake in Roper Technologies during the second quarter worth about $39,000. Finally, Quent Capital LLC purchased a new position in Roper Technologies during the third quarter valued at approximately $37,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
NASDAQ:ROP opened at $351.00 on Friday. Roper Technologies, Inc. has a fifty-two week low of $313.07 and a fifty-two week high of $594.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The company has a 50 day moving average price of $371.92 and a 200 day moving average price of $440.03. The stock has a market capitalization of $36.13 billion, a P/E ratio of 24.72, a PEG ratio of 1.66 and a beta of 0.94.
Roper Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be paid a dividend of $0.91 per share. The ex-dividend date is Monday, April 6th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. Roper Technologies’s payout ratio is presently 25.63%.
Insider Buying and Selling
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $358.46 per share, with a total value of $501,844.00. Following the transaction, the director owned 1,400 shares in the company, valued at $501,844. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ROP. Argus reiterated a “hold” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $385.00 price objective (down from $550.00) on shares of Roper Technologies in a report on Tuesday, January 27th. Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Weiss Ratings cut Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, Jefferies Financial Group set a $500.00 price target on Roper Technologies in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Roper Technologies presently has an average rating of “Hold” and an average target price of $478.53.
Check Out Our Latest Stock Analysis on ROP
Roper Technologies 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.
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