HighTower Advisors LLC lessened its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 64.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,715 shares of the industrial products company’s stock after selling 26,876 shares during the quarter. HighTower Advisors LLC’s holdings in Roper Technologies were worth $6,550,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Entrust Financial LLC purchased a new stake in Roper Technologies during the 4th quarter worth about $165,000. Tucker Asset Management LLC purchased a new stake in Roper Technologies during the 4th quarter worth about $33,000. North Dakota State Investment Board purchased a new stake in Roper Technologies during the 4th quarter worth about $1,639,000. iA Global Asset Management Inc. increased its position in Roper Technologies by 7.4% during the 4th quarter. iA Global Asset Management Inc. now owns 13,384 shares of the industrial products company’s stock worth $5,958,000 after purchasing an additional 922 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. increased its position in Roper Technologies by 31.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 1,470 shares of the industrial products company’s stock worth $654,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Down 1.1%
ROP opened at $316.62 on Thursday. 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 $31.95 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.46 and a beta of 0.81. The business has a 50-day moving average of $346.41 and a two-hundred day moving average of $384.25. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $576.55.
Roper Technologies Announces Dividend
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 issued 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 dividend yield of 1.1%. Roper Technologies’s payout ratio is presently 22.74%.
Analyst Ratings Changes
ROP has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Citigroup lowered their price target on Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Oppenheimer restated a “market perform” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Mizuho lowered their price target on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating for the company in a report on Wednesday, January 28th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.
Further Reading
- Five stocks we like better than Roper Technologies
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
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.
