Villere ST Denis J & Co. LLC trimmed its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 4.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 58,017 shares of the industrial products company’s stock after selling 2,528 shares during the period. Roper Technologies comprises 2.3% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 28th biggest position. Villere ST Denis J & Co. LLC owned approximately 0.06% of Roper Technologies worth $20,530,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of Roper Technologies in the third quarter valued at approximately $25,000. Private Wealth Management Group LLC lifted its holdings in Roper Technologies by 195.8% during the first quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 47 shares during the period. Tucker Asset Management LLC purchased a new position in Roper Technologies in the fourth quarter worth $33,000. Board of the Pension Protection Fund bought a new position in Roper Technologies in the 4th quarter valued at $36,000. Finally, Kelleher Financial Advisors bought a new position in Roper Technologies in the 3rd quarter valued at $40,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP traded down $0.04 during trading hours on Friday, hitting $355.90. The company’s stock had a trading volume of 860,759 shares, compared to its average volume of 1,204,048. The business has a 50 day simple moving average of $336.48 and a two-hundred day simple moving average of $360.89. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $566.24. 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 company has a market cap of $35.92 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.62 and a beta of 0.76.
Roper Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s payout ratio is presently 22.74%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on ROP shares. BMO Capital Markets assumed coverage on shares of Roper Technologies in a report on Friday. They issued a “market perform” rating and a $393.00 price target on the stock. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Robert W. Baird boosted their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” 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 for the company in a research note on Friday, April 24th. Finally, Piper Sandler lifted their price target on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $467.12.
Check Out Our Latest Analysis on ROP
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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