Mar Vista Investment Partners LLC lessened its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,549 shares of the industrial products company’s stock after selling 2,030 shares during the period. Roper Technologies makes up 1.7% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 27th biggest position. Mar Vista Investment Partners LLC’s holdings in Roper Technologies were worth $19,723,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Roper Technologies during the 2nd quarter worth about $1,064,718,000. JPMorgan Chase & Co. grew its stake in Roper Technologies by 62.5% during the third quarter. JPMorgan Chase & Co. now owns 1,585,732 shares of the industrial products company’s stock worth $790,789,000 after buying an additional 610,089 shares during the period. Flossbach Von Storch SE increased its position in shares of Roper Technologies by 130.3% in the third quarter. Flossbach Von Storch SE now owns 896,161 shares of the industrial products company’s stock worth $446,907,000 after acquiring an additional 507,083 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Roper Technologies by 555.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 542,110 shares of the industrial products company’s stock worth $307,290,000 after acquiring an additional 459,396 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of Roper Technologies by 57.5% in the 3rd quarter. Swedbank AB now owns 1,063,725 shares of the industrial products company’s stock valued at $530,469,000 after acquiring an additional 388,212 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Up 1.9%
Shares of NASDAQ:ROP opened at $344.24 on Thursday. The firm has a market cap of $37.05 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.62 and a beta of 0.92. The company has a fifty day simple moving average of $393.90 and a 200 day simple moving average of $453.95. 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 12-month low of $313.07 and a 12-month high of $595.17.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s payout ratio is currently 25.63%.
Analysts Set New Price Targets
Several brokerages recently issued reports on ROP. Mizuho lowered their price target on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating for the company in a report on Wednesday, January 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $385.00 target price (down from $550.00) on shares of Roper Technologies in a research note on Tuesday, January 27th. Jefferies Financial Group set a $500.00 target price on Roper Technologies in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Roper Technologies in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. dropped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Hold” and an average target price of $478.53.
Read Our Latest Research Report on ROP
Insider Transactions at Roper Technologies
In other 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 purchased at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the purchase, the director directly owned 1,400 shares of the company’s stock, valued at $501,844. This represents a ∞ increase in their position. The transaction 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.
Recommended Stories
- Five stocks we like better than Roper Technologies
- MAJOR BUY ALERT: Mar-a-Lago/Trump/Elon
- REVEALED: Something Big Happening Behind White House Doors
- ALERT: Drop these 5 stocks before the market opens tomorrow!
- Read this or regret it forever
- Unlocked: Elon Musk’s Next Big IPO
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.
