SouthState Bank Corp decreased its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 10.1% in the 4th quarter, HoldingsChannel reports. The firm owned 34,372 shares of the industrial products company’s stock after selling 3,845 shares during the quarter. SouthState Bank Corp’s holdings in Roper Technologies were worth $15,300,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of Roper Technologies by 2.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,003 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 23 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Roper Technologies by 1.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 23 shares during the period. Promus Capital LLC boosted its stake in shares of Roper Technologies by 1.5% in the third quarter. Promus Capital LLC now owns 1,640 shares of the industrial products company’s stock valued at $818,000 after purchasing an additional 25 shares during the period. Harbor Investment Advisory LLC lifted its stake in Roper Technologies by 5.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 460 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 25 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in Roper Technologies by 6.2% in the third quarter. SeaCrest Wealth Management LLC now owns 429 shares of the industrial products company’s stock worth $223,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.1%
ROP stock opened at $332.18 on Friday. 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 twelve month low of $305.96 and a twelve month high of $576.49. The company’s 50 day moving average is $343.71 and its two-hundred day moving average is $378.97. The stock has a market cap of $33.52 billion, a P/E ratio of 20.75, a PEG ratio of 1.51 and a beta of 0.77.
Roper Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given 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 is 22.74%.
Analyst Upgrades and Downgrades
ROP has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Piper Sandler increased their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Hold” and a consensus target price of $472.07.
Read Our Latest Research Report on Roper Technologies
Roper Technologies Company 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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