OP Asset Management Ltd acquired a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 10,881 shares of the industrial products company’s stock, valued at approximately $3,850,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise boosted its position in Roper Technologies by 156.4% in the first quarter. Banque Cantonale Vaudoise now owns 2,913 shares of the industrial products company’s stock valued at $1,031,000 after buying an additional 1,777 shares in the last quarter. Krilogy Financial LLC raised its stake in shares of Roper Technologies by 17.2% in the first quarter. Krilogy Financial LLC now owns 1,645 shares of the industrial products company’s stock valued at $595,000 after acquiring an additional 242 shares during the last quarter. Signal Advisors Wealth LLC raised its stake in shares of Roper Technologies by 12.6% in the first quarter. Signal Advisors Wealth LLC now owns 6,837 shares of the industrial products company’s stock valued at $2,419,000 after acquiring an additional 763 shares during the last quarter. Paragon Capital Management Inc. boosted its holdings in shares of Roper Technologies by 0.9% in the 1st quarter. Paragon Capital Management Inc. now owns 3,200 shares of the industrial products company’s stock worth $1,132,000 after acquiring an additional 29 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC grew its position in Roper Technologies by 1.3% during the 1st quarter. Mountain Pacific Investment Advisers LLC now owns 41,945 shares of the industrial products company’s stock worth $14,843,000 after acquiring an additional 546 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Performance
ROP stock opened at $338.31 on Friday. The company has a 50 day moving average price of $337.29 and a 200 day moving average price of $367.22. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $575.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49. The stock has a market capitalization of $34.14 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.51 and a beta of 0.77.
Roper Technologies Announces Dividend
The company also recently disclosed 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. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Barclays cut their price objective 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 increased their target price on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Royal Bank Of Canada raised their target price on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Robert W. Baird lifted their price target on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $472.07.
Get Our Latest Stock Report on Roper Technologies
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.
Read More
- Five stocks we like better than Roper Technologies
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
