Capstone Investment Advisors LLC acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,983 shares of the industrial products company’s stock, valued at approximately $671,000.
Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in Roper Technologies during the second quarter worth about $333,000. Corient Private Wealth LP bought a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $80,953,000. Bamco Inc. NY acquired a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $58,857,000. Bank of America Corp DE bought a new stake in shares of Roper Technologies during the second quarter valued at approximately $165,929,000. Finally, Caisse de depot et placement du Quebec bought a new stake in shares of Roper Technologies during the second quarter valued at approximately $85,892,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Roper Technologies stock opened at $426.20 on Friday. The firm has a market capitalization of $42.15 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.90 and a beta of 0.74. The stock has a fifty day moving average price of $375.96 and a two-hundred day moving average price of $354.71. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $532.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a $0.91 dividend. The ex-dividend date is Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. Roper Technologies’s payout ratio is 15.08%.
Wall Street Analysts Forecast Growth
ROP has been the subject of several research reports. Mizuho set a $355.00 target price on Roper Technologies in a research report on Tuesday, July 21st. Zacks Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 29th. Finally, Raymond James Financial cut shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $466.94.
Get Our Latest Stock Analysis on Roper Technologies
Insider Activity at Roper Technologies
In other news, Director Richard F. Wallman sold 6,434 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the sale, the director owned 7,423 shares in the company, valued at approximately $2,679,703. This represents a 46.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John K. Stipancich sold 2,000 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $379.05, for a total value of $758,100.00. Following the completion of the sale, the executive vice president owned 35,634 shares of the company’s stock, valued at approximately $13,507,067.70. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by 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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