Dividend Assets Capital LLC decreased its holdings in Roper Technologies Inc (NYSE:ROP) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 40,085 shares of the industrial products company’s stock after selling 303 shares during the quarter. Roper Technologies accounts for 1.5% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 17th biggest holding. Dividend Assets Capital LLC’s holdings in Roper Technologies were worth $11,874,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ROP. DnB Asset Management AS lifted its position in Roper Technologies by 10.5% in the 2nd quarter. DnB Asset Management AS now owns 16,811 shares of the industrial products company’s stock valued at $4,638,000 after acquiring an additional 1,600 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Roper Technologies by 45.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 4,672 shares of the industrial products company’s stock valued at $1,289,000 after acquiring an additional 1,461 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in Roper Technologies in the 2nd quarter valued at about $1,029,000. Fulton Bank N.A. increased its stake in Roper Technologies by 10.7% in the 2nd quarter. Fulton Bank N.A. now owns 2,289 shares of the industrial products company’s stock valued at $632,000 after buying an additional 222 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Roper Technologies by 19.2% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,859 shares of the industrial products company’s stock valued at $513,000 after buying an additional 300 shares during the last quarter. 92.24% of the stock is currently owned by institutional investors and hedge funds.
NYSE:ROP opened at $289.68 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $29.48 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.97 and a beta of 1.14. Roper Technologies Inc has a 52 week low of $252.23 and a 52 week high of $312.65.
The business also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Stockholders of record on Monday, October 8th were paid a dividend of $0.4125 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $1.65 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s payout ratio is currently 17.52%.
In other news, Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total transaction of $223,777.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard F. Wallman purchased 500 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were bought at an average price of $312.35 per share, with a total value of $156,175.00. Following the purchase, the director now owns 52,965 shares in the company, valued at $16,543,617.75. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.
Several research firms have commented on ROP. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $303.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Barclays decreased their price objective on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research note on Monday, October 29th. Cowen reiterated a “buy” rating and issued a $330.00 price objective on shares of Roper Technologies in a research note on Tuesday, July 31st. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $317.82.
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Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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