Wealth Enhancement Advisory Services LLC grew its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 38.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,581 shares of the industrial products company’s stock after buying an additional 6,791 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Roper Technologies were worth $10,740,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at about $203,000. Empowered Funds LLC lifted its position in Roper Technologies by 11.7% during the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after buying an additional 326 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Roper Technologies during the second quarter worth approximately $356,000. Jefferies Financial Group Inc. acquired a new stake in shares of Roper Technologies in the second quarter worth $341,000. Finally, XTX Topco Ltd purchased a new position in shares of Roper Technologies in the 2nd quarter valued at $255,000. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Trading Up 1.3%
Shares of ROP opened at $351.07 on Friday. Roper Technologies, Inc. has a one year low of $313.07 and a one year high of $594.25. The stock has a 50-day moving average price of $357.68 and a 200 day moving average price of $429.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The company has a market capitalization of $36.14 billion, a P/E ratio of 24.72, a P/E/G ratio of 1.66 and a beta of 0.94.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Roper Technologies’s dividend payout ratio (DPR) is presently 25.63%.
Wall Street Analysts Forecast Growth
ROP has been the subject of a number of research reports. Robert W. Baird set a $550.00 price target on shares of Roper Technologies in a research report on Wednesday, January 28th. Mizuho reduced their price objective on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 28th. Citigroup decreased their target price on Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. The Goldman Sachs Group lowered their target price on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $385.00 price target (down from $550.00) on shares of Roper Technologies in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $478.53.
Get Our Latest Report on Roper Technologies
Insider Buying and Selling
In other news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of $358.46 per share, with a total value of $501,844.00. Following the completion of the acquisition, the director directly owned 1,400 shares in the company, valued at $501,844. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.78% of the company’s stock.
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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