Norway Savings Bank Buys New Shares in Roper Technologies Inc (NYSE:ROP)
Norway Savings Bank bought a new stake in Roper Technologies Inc (NYSE:ROP) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 65 shares of the industrial products company’s stock, valued at approximately $26,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Taylor Wealth Management Partners boosted its holdings in Roper Technologies by 0.3% in the third quarter. Taylor Wealth Management Partners now owns 27,212 shares of the industrial products company’s stock valued at $10,752,000 after purchasing an additional 84 shares during the period. McKinley Carter Wealth Services Inc. boosted its holdings in Roper Technologies by 1.6% in the third quarter. McKinley Carter Wealth Services Inc. now owns 10,200 shares of the industrial products company’s stock valued at $4,030,000 after purchasing an additional 159 shares during the period. Appleton Partners Inc. MA boosted its holdings in Roper Technologies by 0.7% in the third quarter. Appleton Partners Inc. MA now owns 18,487 shares of the industrial products company’s stock valued at $7,304,000 after purchasing an additional 123 shares during the period. First United Bank Trust boosted its holdings in Roper Technologies by 4.9% in the third quarter. First United Bank Trust now owns 2,660 shares of the industrial products company’s stock valued at $1,051,000 after purchasing an additional 125 shares during the period. Finally, Rheos Capital Works Inc. purchased a new position in Roper Technologies in the third quarter valued at $10,075,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.
Roper Technologies stock opened at $433.89 on Friday. Roper Technologies Inc has a fifty-two week low of $240.00 and a fifty-two week high of $455.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 1.27. The company has a market capitalization of $45.43 billion, a P/E ratio of 28.40, a PEG ratio of 3.05 and a beta of 1.05. The stock has a 50-day simple moving average of $407.98 and a 200-day simple moving average of $387.33.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be issued a $0.5125 dividend. This represents a $2.05 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, October 5th. Roper Technologies’s payout ratio is currently 15.71%.
In related news, CFO Robert Crisci sold 16,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $449.80, for a total value of $7,196,800.00. Following the transaction, the chief financial officer now owns 42,590 shares in the company, valued at approximately $19,156,982. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $443.67, for a total value of $1,331,010.00. Following the completion of the transaction, the vice president now owns 34,683 shares in the company, valued at approximately $15,387,806.61. The disclosure for this sale can be found here. Insiders sold a total of 59,000 shares of company stock valued at $26,127,810 over the last three months. Company insiders own 0.86% of the company’s stock.
ROP has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $300.00 to $320.00 and gave the company an “underweight” rating in a report on Wednesday, October 7th. Wells Fargo & Company lifted their price target on Roper Technologies from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Oppenheimer reaffirmed a “hold” rating on shares of Roper Technologies in a report on Wednesday, August 19th. Raymond James reaffirmed a “buy” rating on shares of Roper Technologies in a report on Friday, August 14th. Finally, Wolfe Research assumed coverage on Roper Technologies in a report on Tuesday, August 25th. They set an “underperform” rating and a $374.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $413.00.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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