Roper Technologies Inc (ROP) Position Lifted by Atria Investments LLC
Atria Investments LLC increased its position in Roper Technologies Inc (NYSE:ROP) by 40.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,910 shares of the industrial products company’s stock after buying an additional 1,699 shares during the period. Atria Investments LLC’s holdings in Roper Technologies were worth $1,751,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of ROP. Dimensional Fund Advisors LP boosted its holdings in Roper Technologies by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 263,707 shares of the industrial products company’s stock worth $74,020,000 after buying an additional 1,620 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in Roper Technologies in the 1st quarter worth $265,000. Commonwealth Equity Services LLC boosted its holdings in Roper Technologies by 7.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 8,231 shares of the industrial products company’s stock worth $2,310,000 after buying an additional 588 shares during the period. UBS Group AG boosted its holdings in Roper Technologies by 6.9% in the 1st quarter. UBS Group AG now owns 109,264 shares of the industrial products company’s stock worth $30,670,000 after buying an additional 7,075 shares during the period. Finally, Achmea Investment Management B.V. bought a new position in Roper Technologies in the 1st quarter worth $733,000. 92.51% of the stock is owned by institutional investors.
ROP opened at $279.17 on Friday. Roper Technologies Inc has a 52 week low of $248.03 and a 52 week high of $312.65. The stock has a market cap of $30.61 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 2.09 and a beta of 1.11. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 0.66.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 22nd. Shareholders of record on Monday, October 8th will be issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 target price for the company. in a report on Friday, September 21st. Argus upped their target price on shares of Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Cowen reaffirmed a “buy” rating and issued a $330.00 target price on shares of Roper Technologies in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price objective for the company in a report on Monday, July 30th. Finally, Raymond James downgraded shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $313.50.
In other news, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $299.78, for a total transaction of $1,498,900.00. Following the sale, the vice president now directly owns 19,205 shares in the company, valued at approximately $5,757,274.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman bought 500 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were acquired at an average price of $299.50 per share, for a total transaction of $149,750.00. Following the completion of the transaction, the director now directly owns 52,465 shares in the company, valued at approximately $15,713,267.50. The disclosure for this purchase can be found here. Insiders have sold a total of 8,750 shares of company stock valued at $2,616,258 in the last three months. Insiders own 2.30% of the company’s stock.
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.
Further Reading: Cash Flow Analysis in Stock Selection
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