Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,680 shares of the industrial products company’s stock after purchasing an additional 1,739 shares during the period. Roper Technologies comprises 1.7% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 21st biggest position. Dixon Mitchell Investment Counsel Inc. owned about 0.09% of Roper Technologies worth $47,752,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Johnson Investment Counsel Inc. boosted its stake in Roper Technologies by 2.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 162,291 shares of the industrial products company’s stock worth $80,933,000 after purchasing an additional 4,479 shares during the last quarter. Corbyn Investment Management Inc. MD acquired a new position in Roper Technologies during the second quarter worth about $567,000. Stephens Inc. AR grew its stake in Roper Technologies by 36.5% during the 3rd quarter. Stephens Inc. AR now owns 14,117 shares of the industrial products company’s stock valued at $7,040,000 after acquiring an additional 3,773 shares in the last quarter. ING Groep NV raised its holdings in Roper Technologies by 175.7% in the 3rd quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock valued at $59,219,000 after acquiring an additional 75,675 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Roper Technologies by 2.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock worth $1,273,387,000 after purchasing an additional 54,221 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Price Performance
Shares of ROP opened at $363.06 on Tuesday. The firm has a 50-day simple moving average of $379.34 and a two-hundred day simple moving average of $443.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. Roper Technologies, Inc. has a 1-year low of $313.07 and a 1-year high of $594.25. The stock has a market cap of $37.37 billion, a PE ratio of 25.57, a P/E/G ratio of 1.76 and a beta of 0.94.
Roper Technologies Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is 25.63%.
Insiders Place Their Bets
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of the business’s stock in a transaction on Friday, February 6th. The shares were bought at an average cost 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts recently commented on ROP shares. Barclays cut their price target on Roper Technologies from $475.00 to $409.00 and set an “underweight” rating for the company in a report on Wednesday, January 28th. Mizuho reduced their price target on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a report on Wednesday, January 28th. Royal Bank Of Canada dropped their price objective on shares of Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Argus reaffirmed a “hold” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Finally, Piper Sandler dropped their price target on shares of Roper Technologies from $600.00 to $530.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. 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, Roper Technologies currently has an average rating of “Hold” and an average price target of $478.53.
View Our Latest Stock 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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