AlphaQuest LLC decreased its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 39.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,074 shares of the industrial products company’s stock after selling 1,992 shares during the period. AlphaQuest LLC’s holdings in Roper Technologies were worth $1,368,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of ROP. Brighton Jones LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $203,000. Empowered Funds LLC grew its stake in shares of Roper Technologies by 11.7% during 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 last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Roper Technologies during the second quarter worth about $137,000. Nebula Research & Development LLC purchased a new stake in shares of Roper Technologies during the second quarter worth about $977,000. Finally, Sei Investments Co. grew its stake in shares of Roper Technologies by 22.6% during the second quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock worth $34,928,000 after acquiring an additional 11,372 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of NASDAQ ROP opened at $319.75 on Friday. The business’s 50 day moving average price is $345.75 and its 200 day moving average price is $383.35. The firm has a market cap of $32.27 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.44 and a beta of 0.81. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $576.49. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.52.
Roper Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio is presently 22.74%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. The Goldman Sachs Group dropped their price objective on shares of Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Piper Sandler boosted their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Barclays dropped their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. Finally, Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $472.07.
View Our Latest Analysis 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.
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