LGT Fund Management Co Ltd. lifted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 55.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,992 shares of the industrial products company’s stock after buying an additional 2,846 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Roper Technologies were worth $3,980,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Roper Technologies during the fourth quarter valued at about $203,000. Empowered Funds LLC lifted its stake in shares of Roper Technologies by 11.7% in the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after acquiring an additional 326 shares during the last quarter. Savant Capital LLC boosted its holdings in Roper Technologies by 41.0% during the 2nd quarter. Savant Capital LLC now owns 1,124 shares of the industrial products company’s stock valued at $637,000 after acquiring an additional 327 shares during the period. Bryn Mawr Trust Advisors LLC bought a new position in Roper Technologies during the 2nd quarter worth approximately $240,000. Finally, Fox Run Management L.L.C. bought a new position in Roper Technologies during the 2nd quarter worth approximately $839,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of ROP stock opened at $367.50 on Monday. 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 fifty-two week low of $313.07 and a fifty-two week high of $594.25. The firm has a market cap of $37.83 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.76 and a beta of 0.94. The business’s 50 day moving average price is $381.10 and its 200-day moving average price is $445.01.
Roper Technologies Dividend Announcement
The business 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 $0.91 dividend. 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 25.63%.
Insider Activity at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of $358.46 per share, with a total value of $501,844.00. Following the transaction, the director owned 1,400 shares in the company, valued at approximately $501,844. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on ROP. TD Cowen reiterated a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Robert W. Baird set a $550.00 target price on shares of Roper Technologies in a report on Wednesday, January 28th. 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 research note on Tuesday, January 27th. JPMorgan Chase & Co. dropped their price target on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a research report on Wednesday, January 28th. Finally, Argus reissued a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $478.53.
View Our Latest Analysis on ROP
About Roper Technologies
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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