Compass Capital Management Inc. boosted its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 15.5% in the 1st quarter, HoldingsChannel reports. The firm owned 137,139 shares of the industrial products company’s stock after purchasing an additional 18,410 shares during the period. Roper Technologies makes up about 2.8% of Compass Capital Management Inc.’s holdings, making the stock its 21st largest holding. Compass Capital Management Inc.’s holdings in Roper Technologies were worth $48,528,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $1,112,873,000. Vanguard Group Inc. boosted its position in Roper Technologies by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock worth $5,553,932,000 after acquiring an additional 1,384,656 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Roper Technologies by 206.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock worth $474,070,000 after acquiring an additional 903,223 shares during the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in Roper Technologies in the 4th quarter worth approximately $367,567,000. Finally, AQR Capital Management LLC grew its stake in Roper Technologies by 194.6% in the 4th quarter. AQR Capital Management LLC now owns 772,347 shares of the industrial products company’s stock worth $343,795,000 after acquiring an additional 510,138 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Up 0.7%
Shares of ROP opened at $391.97 on Friday. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $556.23. The company’s fifty day moving average is $346.71 and its two-hundred day moving average is $352.91. The firm has a market cap of $39.56 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.57.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were 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 was Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 15.08%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Robert W. Baird set a $480.00 price target on Roper Technologies in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Mizuho set a $355.00 target price on Roper Technologies in a research note on Tuesday, July 21st. Royal Bank Of Canada increased their target price on Roper Technologies from $407.00 to $417.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, Piper Sandler decreased their price target on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $468.00.
Check Out Our Latest Stock Analysis on ROP
Insider Activity
In other news, Director Richard F. Wallman sold 6,434 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the completion of the sale, the director owned 7,423 shares in the company, valued at approximately $2,679,703. The trade was a 46.43% decrease in their position. 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 the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the sale, the executive vice president directly owned 35,634 shares of the company’s stock, 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. Insiders own 0.80% of the company’s stock.
Roper Technologies Profile
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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