Cerity Partners LLC lifted its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 49.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 130,961 shares of the industrial products company’s stock after acquiring an additional 43,460 shares during the quarter. Cerity Partners LLC’s holdings in Roper Technologies were worth $58,295,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. West Family Investments Inc. lifted its position in shares of Roper Technologies by 21.0% in the fourth quarter. West Family Investments Inc. now owns 1,465 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 254 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Roper Technologies in the fourth quarter worth approximately $383,000. Syon Capital LLC raised its position in Roper Technologies by 95.5% during the fourth quarter. Syon Capital LLC now owns 2,207 shares of the industrial products company’s stock valued at $982,000 after acquiring an additional 1,078 shares in the last quarter. ING Groep NV raised its position in Roper Technologies by 11.6% during the fourth quarter. ING Groep NV now owns 132,570 shares of the industrial products company’s stock valued at $59,011,000 after acquiring an additional 13,821 shares in the last quarter. Finally, Dearborn Partners LLC raised its position in Roper Technologies by 99.8% during the fourth quarter. Dearborn Partners LLC now owns 1,135 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 567 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Stock Up 0.5%
Shares of NASDAQ:ROP opened at $335.37 on Wednesday. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $575.77. 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 company’s fifty day moving average is $343.19 and its 200-day moving average is $376.96. The company has a market capitalization of $33.85 billion, a PE ratio of 20.95, a P/E/G ratio of 1.52 and a beta of 0.77.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s payout ratio is currently 22.74%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on ROP. Weiss Ratings downgraded shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Piper Sandler raised their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Barclays decreased their price target 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. Robert W. Baird lifted 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. Finally, Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $472.07.
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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