Jefferies Financial Group Inc. raised its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 332.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,604 shares of the industrial products company’s stock after purchasing an additional 2,002 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Roper Technologies were worth $1,299,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Trust Co. of Vermont lifted its holdings in 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 worth $552,000 after purchasing 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% in 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 period. Cornerstone Planning Group LLC raised its position 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 valued at $46,000 after purchasing an additional 25 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Roper Technologies by 4.3% in the second quarter. J.W. Cole Advisors Inc. now owns 637 shares of the industrial products company’s stock worth $361,000 after buying an additional 26 shares during the last quarter. Finally, L2 Asset Management LLC boosted its holdings in shares of Roper Technologies by 5.7% during the 2nd quarter. L2 Asset Management LLC now owns 481 shares of the industrial products company’s stock worth $273,000 after buying an additional 26 shares during the period. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
NASDAQ:ROP opened at $352.25 on Thursday. The firm has a market capitalization of $36.26 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. Roper Technologies, Inc. has a 12-month low of $313.07 and a 12-month high of $594.25. The firm has a 50-day moving average price of $375.56 and a 200 day moving average price of $441.94.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be given a $0.91 dividend. 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 is 25.63%.
Insider Transactions at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the company’s stock in a transaction on Friday, February 6th. The stock was purchased 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 $501,844. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.78% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Melius Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 target price on the stock. in a report on Tuesday, January 27th. JPMorgan Chase & Co. decreased their price target on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a report on Wednesday, January 28th. The Goldman Sachs Group lowered their price target on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Piper Sandler dropped their price objective on Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Finally, Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $478.53.
Get Our Latest Stock Analysis on Roper Technologies
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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