First National Bank of Omaha raised its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,886 shares of the industrial products company’s stock after acquiring an additional 2,126 shares during the quarter. First National Bank of Omaha’s holdings in Roper Technologies were worth $6,181,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 1,384,656 shares during the last quarter. State Street Corp boosted its stake in Roper Technologies by 0.9% in the third quarter. State Street Corp now owns 4,986,755 shares of the industrial products company’s stock valued at $2,486,845,000 after acquiring an additional 46,697 shares during the last quarter. Geode Capital Management LLC boosted its stake in Roper Technologies by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company’s stock valued at $1,172,099,000 after acquiring an additional 22,335 shares during the last quarter. Norges Bank bought a new position in Roper Technologies in the fourth quarter valued at approximately $1,112,873,000. Finally, Franklin Resources Inc. boosted its stake in Roper Technologies by 2.1% in the third quarter. Franklin Resources Inc. now owns 1,847,398 shares of the industrial products company’s stock valued at $921,279,000 after acquiring an additional 37,766 shares during the last quarter. 93.31% of the stock is owned by institutional investors.
Roper Technologies Trading Up 0.7%
ROP opened at $334.97 on Friday. The firm’s fifty day moving average is $341.99 and its two-hundred day moving average is $375.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53. The firm has a market cap of $33.81 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.52 and a beta of 0.77. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $575.77.
Roper Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 annualized dividend and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday. Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Barclays reduced their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research note on Friday, April 24th. Piper Sandler raised their price objective 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. Finally, Robert W. Baird raised their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $472.07.
View Our Latest Stock Analysis on Roper Technologies
About Roper Technologies
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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