Waterloo Capital L.P. decreased its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 66.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,300 shares of the industrial products company’s stock after selling 2,553 shares during the quarter. Waterloo Capital L.P.’s holdings in Roper Technologies were worth $579,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. increased its stake in shares of Roper Technologies by 2.8% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 162,291 shares of the industrial products company’s stock valued at $80,933,000 after acquiring an additional 4,479 shares in the last quarter. ING Groep NV increased its stake in shares of Roper Technologies by 175.7% in the 3rd quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock valued at $59,219,000 after acquiring an additional 75,675 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Roper Technologies in the 3rd quarter valued at $10,053,000. Machina Capital S.A.S. increased its stake in shares of Roper Technologies by 344.7% in the 3rd quarter. Machina Capital S.A.S. now owns 7,351 shares of the industrial products company’s stock valued at $3,666,000 after acquiring an additional 5,698 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Roper Technologies by 6.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 525,245 shares of the industrial products company’s stock valued at $261,945,000 after acquiring an additional 30,819 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
ROP opened at $344.25 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.48 and a beta of 0.77. The firm’s fifty day moving average price is $345.07 and its two-hundred day moving average price is $381.78. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $576.49.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s payout ratio is 22.74%.
Wall Street Analyst Weigh In
ROP has been the subject of several research analyst reports. Weiss Ratings lowered shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Barclays decreased their price target on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. Robert W. Baird boosted their price target on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler boosted their price target on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $472.07.
Check Out Our Latest Stock Analysis on Roper Technologies
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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