Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 75,722 shares of the industrial products company’s stock, valued at approximately $37,763,000. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.07% of Roper Technologies as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in ROP. Field & Main Bank purchased a new position in shares of Roper Technologies during the 3rd quarter valued at $25,000. Asset Dedication LLC raised its holdings in shares of Roper Technologies by 800.0% during 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 in the last quarter. Vermillion & White Wealth Management Group LLC boosted 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 valued at $30,000 after purchasing an additional 25 shares during the last quarter. Quent Capital LLC acquired a new stake in Roper Technologies during the third quarter valued at $37,000. Finally, CoreFirst Bank & Trust purchased a new position in Roper Technologies in the second quarter valued at about $39,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of NASDAQ ROP opened at $367.50 on Friday. The business’s 50-day simple moving average is $381.10 and its 200-day simple moving average is $446.28. 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 $594.25. The firm has a market cap of $37.83 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 1.75 and a beta of 0.94.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s dividend payout ratio is currently 25.63%.
Insider Transactions at Roper Technologies
In other news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were acquired 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 of the company’s stock, valued at $501,844. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.78% of the company’s stock.
Wall Street Analysts Forecast Growth
ROP has been the subject of a number of recent research reports. TD Cowen reaffirmed a “buy” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Melius Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target for the company. in a research note on Tuesday, January 27th. Piper Sandler cut their price objective on shares of Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their target price on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a research note on Wednesday, January 28th. Finally, Citigroup decreased their target price on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $478.53.
Get Our Latest Stock Analysis on ROP
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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