R Squared Ltd acquired a new position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund acquired 4,053 shares of the industrial products company’s stock, valued at approximately $2,021,000. Roper Technologies accounts for about 0.9% of R Squared Ltd’s holdings, making the stock its 15th biggest position.
A number of other hedge funds have also recently modified their holdings of the business. Asset Dedication LLC lifted its stake in shares of Roper Technologies by 800.0% during the 2nd 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. Field & Main Bank purchased a new stake in Roper Technologies in the third quarter worth $25,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of 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 purchasing an additional 25 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies during the second quarter valued at $39,000. Finally, Westside Investment Management Inc. grew its holdings in shares of Roper Technologies by 242.9% in the second quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
NASDAQ ROP opened at $352.15 on Friday. The company has a market cap of $36.25 billion, a PE ratio of 24.80, a P/E/G ratio of 1.65 and a beta of 0.92. The firm’s 50 day moving average price is $391.93 and its 200-day moving average price is $453.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. Roper Technologies, Inc. has a 52-week low of $313.07 and a 52-week high of $595.17.
Roper Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, April 6th. Roper Technologies’s dividend payout ratio is 25.63%.
Insiders Place Their Bets
In related news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the business’s stock in a transaction on Friday, February 6th. The shares were bought 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 approximately $501,844. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Oppenheimer reiterated a “market perform” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Royal Bank Of Canada reduced their target price on shares of Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. Jefferies Financial Group set a $500.00 price target on shares of Roper Technologies in a research note on Wednesday, January 28th. Citigroup dropped their price objective on Roper Technologies from $575.00 to $450.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Melius Research downgraded Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price objective on the stock. in a report on Tuesday, January 27th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Hold” and an average target price of $478.53.
Check Out Our Latest Research Report on ROP
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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