SG Americas Securities LLC boosted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 726.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 408,775 shares of the industrial products company’s stock after purchasing an additional 359,286 shares during the quarter. SG Americas Securities LLC’s holdings in Roper Technologies were worth $181,958,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Field & Main Bank acquired a new position in shares of Roper Technologies during the third quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in shares of Roper Technologies in the third quarter worth $25,000. Asset Dedication LLC grew its stake in shares of Roper Technologies by 800.0% in the second quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its position 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. Finally, Board of the Pension Protection Fund acquired a new position in Roper Technologies during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Trading Down 0.1%
Shares of Roper Technologies stock opened at $353.48 on Tuesday. Roper Technologies, Inc. has a 52-week low of $313.07 and a 52-week high of $594.25. The firm has a market capitalization of $36.38 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The company’s fifty day moving average price is $362.10 and its two-hundred day moving average price is $431.54.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s payout ratio is presently 25.63%.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Piper Sandler reduced their price target on shares of Roper Technologies from $600.00 to $530.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. The Goldman Sachs Group dropped their price objective on shares of Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Truist Financial reduced their target price on shares of Roper Technologies from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Finally, Barclays lowered their price target on Roper Technologies from $475.00 to $409.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Hold” and an average target price of $478.53.
View Our Latest Report on Roper Technologies
Insider Buying and Selling at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the stock in a transaction dated Friday, February 6th. The shares were bought at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the purchase, the director owned 1,400 shares in the company, valued at approximately $501,844. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.87% of the company’s stock.
Roper Technologies Company 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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