First United Bank & Trust lessened its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 80.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 443 shares of the industrial products company’s stock after selling 1,782 shares during the period. First United Bank & Trust’s holdings in Roper Technologies were worth $157,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ROP. Brighton Jones LLC purchased a new position in shares of Roper Technologies in the 4th quarter worth $203,000. Empowered Funds LLC grew its holdings in shares of Roper Technologies by 11.7% in the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock worth $1,832,000 after acquiring an additional 326 shares during the period. Cary Street Partners Financial LLC purchased a new stake in Roper Technologies during the second quarter valued at $137,000. Nebula Research & Development LLC bought a new position in Roper Technologies in the second quarter valued at about $977,000. Finally, Sei Investments Co. lifted its holdings in Roper Technologies by 22.6% in the second quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock valued at $34,928,000 after acquiring an additional 11,372 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Stock Performance
NASDAQ:ROP opened at $338.31 on Friday. 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 stock has a 50-day simple moving average of $337.29 and a two-hundred day simple moving average of $367.22. The firm has a market capitalization of $34.14 billion, a PE ratio of 21.13, a P/E/G ratio of 1.51 and a beta of 0.77. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $575.77.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Piper Sandler boosted their price target on Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Robert W. Baird increased their price objective 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. Royal Bank Of Canada raised their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, 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 report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Hold” and a consensus price target of $472.07.
Read Our Latest Stock Analysis 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.
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