Hahn Capital Management LLC lessened its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,322 shares of the industrial products company’s stock after selling 155 shares during the quarter. Roper Technologies makes up about 2.8% of Hahn Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Hahn Capital Management LLC’s holdings in Roper Technologies were worth $5,851,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Saudi Central Bank acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $25,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $27,000. Banque Transatlantique SA acquired a new position in Roper Technologies during the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth $31,000. Finally, Wayfinding Financial LLC acquired a new stake in Roper Technologies in the first quarter worth $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Down 0.1%
Roper Technologies stock opened at $497.59 on Friday. The stock has a market cap of $53.55 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 2.34 and a beta of 1.00. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $523.96 and its two-hundred day moving average price is $550.51. Roper Technologies, Inc. has a 52 week low of $492.25 and a 52 week high of $595.17.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. Roper Technologies’s dividend payout ratio (DPR) is 23.19%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Robert W. Baird increased their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Truist Financial raised their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Citigroup began coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $635.27.
Check Out Our Latest Analysis on Roper Technologies
Insider Transactions at Roper Technologies
In related news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company’s stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.
Roper Technologies Company Profile
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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