Inceptionr LLC acquired a new stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,347 shares of the industrial products company’s stock, valued at approximately $1,490,000.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock valued at $5,553,932,000 after buying an additional 1,384,656 shares during the last quarter. State Street Corp lifted its holdings in Roper Technologies by 0.9% during the 3rd quarter. State Street Corp now owns 4,986,755 shares of the industrial products company’s stock worth $2,486,845,000 after purchasing an additional 46,697 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Roper Technologies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company’s stock worth $1,172,099,000 after purchasing an additional 22,335 shares during the last quarter. Norges Bank acquired a new stake in Roper Technologies during the 4th quarter worth approximately $1,112,873,000. Finally, Franklin Resources Inc. lifted its holdings in Roper Technologies by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,847,398 shares of the industrial products company’s stock worth $921,279,000 after purchasing an additional 37,766 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Price Performance
Roper Technologies stock opened at $334.10 on Thursday. The stock’s fifty day moving average price is $342.83 and its two-hundred day moving average price is $376.21. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $575.77. 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 firm has a market cap of $33.72 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.53 and a beta of 0.77.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on ROP shares. Royal Bank Of Canada lifted their price target on Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a report on Monday. Piper Sandler lifted their price target on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Barclays dropped their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a report on Friday, April 24th. Finally, Zacks Research raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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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