Taurus Asset Management LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,954 shares of the industrial products company's stock after buying an additional 1,279 shares during the quarter. Taurus Asset Management LLC's holdings in Roper Technologies were worth $11,933,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its position in shares of Roper Technologies by 21.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 257 shares of the industrial products company's stock valued at $143,000 after purchasing an additional 45 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Roper Technologies by 6.0% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company's stock worth $2,510,000 after acquiring an additional 255 shares during the last quarter. Sanctuary Advisors LLC grew its position in Roper Technologies by 19.6% during the third quarter. Sanctuary Advisors LLC now owns 5,849 shares of the industrial products company's stock valued at $3,276,000 after acquiring an additional 960 shares during the last quarter. World Investment Advisors LLC boosted its position in Roper Technologies by 1.4% during the third quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company's stock valued at $3,957,000 after buying an additional 100 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in Roper Technologies by 1,227.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,727 shares of the industrial products company's stock worth $2,630,000 after purchasing an additional 4,371 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Roper Technologies in a report on Thursday, March 27th. They set a "buy" rating and a $685.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Raymond James restated a "strong-buy" rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $620.73.
Check Out Our Latest Stock Analysis on ROP
Insiders Place Their Bets
In related news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last three months. Corporate insiders own 0.87% of the company's stock.
Roper Technologies Price Performance
Shares of NYSE ROP traded up $0.97 during mid-day trading on Friday, reaching $557.24. The company's stock had a trading volume of 343,108 shares, compared to its average volume of 552,690. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a fifty day moving average of $571.40 and a two-hundred day moving average of $554.18. The firm has a market capitalization of $59.84 billion, a PE ratio of 38.86, a P/E/G ratio of 2.77 and a beta of 1.04.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio is currently 23.01%.
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.
Featured Stories
Before you consider Roper Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roper Technologies wasn't on the list.
While Roper Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
