HighTower Advisors LLC lessened its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,591 shares of the industrial products company’s stock after selling 2,517 shares during the period. HighTower Advisors LLC’s holdings in Roper Technologies were worth $20,742,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Asset Dedication LLC lifted its position 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 last quarter. Field & Main Bank purchased a new position in shares of Roper Technologies in the third quarter worth $25,000. Vermillion & White Wealth Management Group LLC raised its holdings in 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 valued at $30,000 after buying an additional 25 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the 2nd quarter valued at $39,000. Finally, Westside Investment Management Inc. grew its holdings in Roper Technologies by 242.9% in the 2nd quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 51 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.
Roper Technologies Stock Up 1.3%
Shares of NASDAQ:ROP opened at $332.00 on Friday. The firm has a market capitalization of $35.74 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.57 and a beta of 0.92. 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 stock has a 50 day moving average price of $402.54 and a 200-day moving average price of $460.13. Roper Technologies, Inc. has a 52-week low of $313.07 and a 52-week high of $595.17.
Roper Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is 25.63%.
Wall Street Analyst Weigh In
ROP has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. Citigroup lowered their price target on Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. 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 research report on Tuesday, January 27th. Oppenheimer restated a “market perform” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada dropped their price target on Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 28th. One investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $478.53.
Get Our Latest Stock Report on ROP
Insider Buying and Selling
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the business’s stock in a transaction on 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 completion of the acquisition, the director owned 1,400 shares in the company, valued at $501,844. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is owned by insiders.
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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