ProShare Advisors LLC raised its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 14.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 516,107 shares of the industrial products company’s stock after acquiring an additional 65,969 shares during the period. ProShare Advisors LLC owned approximately 0.48% of Roper Technologies worth $229,735,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Brighton Jones LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at $203,000. Empowered Funds LLC increased its position in shares of Roper Technologies by 11.7% in the 1st 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. Cary Street Partners Financial LLC bought a new stake in shares of Roper Technologies in the 2nd quarter valued at $137,000. Nebula Research & Development LLC bought a new stake in shares of Roper Technologies in the 2nd quarter valued at $977,000. Finally, Sei Investments Co. increased its position in shares of Roper Technologies by 22.6% in the 2nd quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock valued at $34,928,000 after buying an additional 11,372 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of NASDAQ ROP opened at $331.01 on Tuesday. The firm has a market cap of $33.40 billion, a PE ratio of 20.68, a PEG ratio of 1.46 and a beta of 0.81. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $584.03. The company has a fifty day moving average price of $350.81 and a 200 day moving average price of $390.28.
Roper Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Monday, April 6th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. Roper Technologies’s dividend payout ratio is presently 22.74%.
Analyst Ratings Changes
A number of research firms recently commented on ROP. Argus restated a “hold” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Citigroup lowered their price objective on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Oppenheimer restated a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Two 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.com, Roper Technologies has an average rating of “Hold” and an average target price of $472.07.
Check Out Our Latest Report 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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