Janney Montgomery Scott LLC lifted its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 21.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,723 shares of the industrial products company’s stock after purchasing an additional 4,816 shares during the period. Janney Montgomery Scott LLC’s holdings in Roper Technologies were worth $9,810,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ROP. CIBC Bancorp USA Inc. purchased a new stake in Roper Technologies in the third quarter worth $10,053,000. Dimensional Fund Advisors LP raised its holdings in 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 worth $261,945,000 after purchasing an additional 30,819 shares in the last quarter. Empire Life Investments Inc. raised its holdings in Roper Technologies by 38.5% in the 4th quarter. Empire Life Investments Inc. now owns 45,517 shares of the industrial products company’s stock worth $20,261,000 after purchasing an additional 12,645 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock worth $5,553,932,000 after purchasing an additional 1,384,656 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Roper Technologies by 726.0% during the 4th quarter. SG Americas Securities LLC now owns 408,775 shares of the industrial products company’s stock valued at $181,958,000 after purchasing an additional 359,286 shares in the last quarter. 93.31% of the stock is owned by institutional investors.
Roper Technologies Stock Performance
Shares of ROP opened at $364.20 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The stock has a market cap of $36.76 billion, a P/E ratio of 22.75, a P/E/G ratio of 1.62 and a beta of 0.76. The business’s 50 day moving average price is $336.19 and its 200-day moving average price is $363.96. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $575.77.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a yield of 1.0%. Roper Technologies’s payout ratio is presently 22.74%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ROP. Robert W. Baird increased their price target on shares of Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Zacks Research downgraded Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Barclays decreased their target price on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Piper Sandler lifted their price target on Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Hold” and an average target price of $472.07.
Read Our Latest Stock Analysis on ROP
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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