Pacer Advisors Inc. lowered its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 88.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 456,793 shares of the industrial products company’s stock after selling 3,530,720 shares during the quarter. Pacer Advisors Inc.’s holdings in Roper Technologies were worth $161,641,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Brown Brothers Harriman & Co. boosted its position in shares of Roper Technologies by 1.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock worth $1,115,000 after acquiring an additional 23 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in Roper Technologies by 6.2% during the third quarter. SeaCrest Wealth Management LLC now owns 429 shares of the industrial products company’s stock worth $223,000 after purchasing an additional 25 shares during the period. Gulf International Bank UK Ltd boosted its holdings in shares of Roper Technologies by 0.5% in the 4th quarter. Gulf International Bank UK Ltd now owns 5,377 shares of the industrial products company’s stock valued at $2,393,000 after purchasing an additional 29 shares during the last quarter. Paragon Capital Management Inc. boosted its holdings in shares of Roper Technologies by 0.9% in the 1st quarter. Paragon Capital Management Inc. now owns 3,200 shares of the industrial products company’s stock valued at $1,132,000 after purchasing an additional 29 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in shares of Roper Technologies by 0.9% during the 4th quarter. MGO One Seven LLC now owns 3,392 shares of the industrial products company’s stock valued at $1,510,000 after buying an additional 31 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Price Performance
Shares of NASDAQ ROP opened at $391.97 on Monday. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $556.23. The company has a market cap of $39.56 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.76 and a beta of 0.73. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $346.71 and a 200 day moving average price of $352.35.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $3.64 annualized dividend and a yield of 0.9%. Roper Technologies’s payout ratio is 15.08%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ROP. Robert W. Baird set a $480.00 target price on Roper Technologies in a research report on Friday, July 24th. Zacks Research lowered Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. BMO Capital Markets started coverage on Roper Technologies in a research note on Friday, July 10th. They issued a “market perform” rating and a $393.00 price objective on the stock. Finally, Royal Bank Of Canada increased their target price on shares of Roper Technologies from $407.00 to $417.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $468.00.
Read Our Latest Analysis on Roper Technologies
Insider Buying and Selling
In other Roper Technologies news, Director Richard F. Wallman sold 6,434 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $361.00, for a total value of $2,322,674.00. Following the completion of the sale, the director owned 7,423 shares of the company’s stock, valued at $2,679,703. This trade represents a 46.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John K. Stipancich sold 2,000 shares of Roper Technologies stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $379.05, for a total transaction of $758,100.00. Following the sale, the executive vice president owned 35,634 shares in the company, valued at $13,507,067.70. This represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by corporate insiders.
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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