Handelsbanken Fonder AB raised its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,759 shares of the industrial products company’s stock after acquiring an additional 4,160 shares during the quarter. Handelsbanken Fonder AB’s holdings in Roper Technologies were worth $13,116,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Roper Technologies in the 4th quarter valued at about $203,000. Empowered Funds LLC grew its stake in Roper Technologies by 11.7% during the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after purchasing an additional 326 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in Roper Technologies during the 2nd quarter worth approximately $137,000. Nebula Research & Development LLC purchased a new stake in Roper Technologies during the 2nd quarter worth approximately $977,000. Finally, Sei Investments Co. raised its position in shares of Roper Technologies by 22.6% in the 2nd quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock valued at $34,928,000 after purchasing an additional 11,372 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Trading Up 0.6%
Shares of NASDAQ ROP opened at $397.50 on Friday. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $544.94. The company has a market cap of $39.31 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $359.15 and its 200 day simple moving average is $351.33.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 2nd. Roper Technologies’s dividend payout ratio (DPR) is 15.08%.
Analyst Ratings Changes
A number of analysts have recently weighed in on ROP shares. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 29th. Robert W. Baird set a $480.00 price objective on shares of Roper Technologies in a research note on Friday, July 24th. Zacks Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Mizuho set a $355.00 target price on shares of Roper Technologies in a research report on Tuesday, July 21st. Finally, Barclays reduced their price target on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Hold” and an average target price of $466.94.
Read Our Latest Stock Analysis on ROP
Insider Activity
In other Roper Technologies news, Director Richard F. Wallman sold 6,434 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $361.00, for a total value of $2,322,674.00. Following the sale, the director owned 7,423 shares in the company, valued at approximately $2,679,703. This trade represents a 46.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John K. Stipancich sold 2,000 shares of Roper Technologies stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $379.05, for a total value of $758,100.00. Following the sale, the executive vice president directly owned 35,634 shares in the company, valued at approximately $13,507,067.70. This trade represents a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company’s stock.
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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