United Advisor Group LLC increased its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 13.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,188 shares of the industrial products company’s stock after buying an additional 145 shares during the quarter. United Advisor Group LLC’s holdings in Roper Technologies were worth $673,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Saudi Central Bank acquired a new position in shares of Roper Technologies in the first quarter valued at approximately $25,000. Banque Transatlantique SA purchased a new position in Roper Technologies in the 1st quarter valued at $25,000. J.Safra Asset Management Corp increased its stake in Roper Technologies by 222.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock valued at $40,000 after buying an additional 49 shares during the period. Westside Investment Management Inc. raised its position in Roper Technologies by 242.9% during the 2nd quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock worth $41,000 after buying an additional 51 shares during the last quarter. Finally, WPG Advisers LLC purchased a new position in Roper Technologies during the 1st quarter worth $55,000. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Price Performance
Shares of NASDAQ:ROP opened at $444.41 on Wednesday. The firm has a market capitalization of $47.83 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53. The business’s 50 day simple moving average is $485.83 and its 200-day simple moving average is $530.15. Roper Technologies, Inc. has a 12 month low of $435.42 and a 12 month high of $595.17.
Roper Technologies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.91 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. Roper Technologies’s dividend payout ratio is presently 25.09%.
Insider Transactions at Roper Technologies
In other Roper Technologies news, CEO Laurence Neil Hunn acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $452.23 per share, with a total value of $4,522,300.00. Following the purchase, the chief executive officer owned 97,311 shares in the company, valued at approximately $44,006,953.53. The trade was a 11.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Amy Woods Brinkley bought 1,200 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average price of $450.71 per share, with a total value of $540,852.00. Following the transaction, the director owned 18,184 shares of the company’s stock, valued at $8,195,710.64. The trade was a 7.07% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.78% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ROP. Mizuho dropped their price target on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Oppenheimer reiterated an “outperform” rating and set a $570.00 target price on shares of Roper Technologies in a research report on Thursday, October 23rd. Stifel Nicolaus set a $550.00 target price on Roper Technologies in a research note on Friday, October 24th. TD Cowen decreased their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Roper Technologies in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $577.83.
View Our Latest Stock Report on ROP
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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