Promus Capital LLC bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,078 shares of the industrial products company's stock, valued at approximately $560,000. Roper Technologies accounts for approximately 0.5% of Promus Capital LLC's investment portfolio, making the stock its 29th biggest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock worth $2,632,199,000 after purchasing an additional 132,575 shares during the last quarter. Geode Capital Management LLC grew its holdings in Roper Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock valued at $1,357,162,000 after buying an additional 51,131 shares in the last quarter. Wellington Management Group LLP increased its stake in Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after acquiring an additional 345,268 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Roper Technologies by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 673,193 shares of the industrial products company's stock worth $349,959,000 after acquiring an additional 24,290 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Roper Technologies by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after acquiring an additional 45,947 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
ROP has been the topic of several research reports. Truist Financial restated a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James restated a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $623.60.
View Our Latest Research Report on ROP
Roper Technologies Trading Up 0.0 %
Shares of NYSE ROP traded up $0.09 during midday trading on Friday, hitting $588.38. The company's stock had a trading volume of 462,663 shares, compared to its average volume of 496,449. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market cap of $63.18 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The business's 50 day moving average is $552.27 and its two-hundred day moving average is $551.22.
Roper Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies's dividend payout ratio is currently 23.01%.
Insider Transactions at Roper Technologies
In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company's stock.
About Roper Technologies
(
Free Report)
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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