Sands Capital Management LLC increased its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,775 shares of the industrial products company’s stock after purchasing an additional 23,929 shares during the quarter. Sands Capital Management LLC owned approximately 0.33% of Roper Technologies worth $175,427,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of ROP. Trust Co. of Vermont grew its position in shares of Roper Technologies by 1.8% in the 3rd quarter. Trust Co. of Vermont now owns 1,106 shares of the industrial products company’s stock valued at $552,000 after buying an additional 20 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised 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 acquiring an additional 25 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Roper Technologies by 36.8% in the third quarter. Cornerstone Planning Group LLC now owns 93 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 25 shares during the period. Promus Capital LLC boosted its holdings in Roper Technologies by 1.5% in the third quarter. Promus Capital LLC now owns 1,640 shares of the industrial products company’s stock valued at $818,000 after acquiring an additional 25 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Roper Technologies by 4.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 637 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 26 shares during the period. 93.31% of the stock is owned by institutional investors.
Roper Technologies Stock Performance
Shares of ROP opened at $353.87 on Wednesday. Roper Technologies, Inc. has a one year low of $313.07 and a one year high of $594.25. The company has a market cap of $36.42 billion, a PE ratio of 24.92, a P/E/G ratio of 1.74 and a beta of 0.94. The stock has a 50-day moving average of $377.42 and a 200-day moving average of $442.57. 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, April 6th. This represents a $3.64 annualized dividend and a yield of 1.0%. Roper Technologies’s dividend payout ratio is presently 25.63%.
Insider Buying and Selling at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the company’s stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $358.46 per share, with a total value of $501,844.00. Following the completion of the purchase, the director owned 1,400 shares of the company’s stock, valued at approximately $501,844. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Oppenheimer restated a “market perform” rating on shares of Roper Technologies 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 report on Wednesday, January 28th. Robert W. Baird set a $550.00 price objective on Roper Technologies in a research report on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Finally, The Goldman Sachs Group lowered their target price on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $478.53.
Read Our Latest Analysis 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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