AXQ Capital LP trimmed its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 59.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,190 shares of the industrial products company’s stock after selling 1,742 shares during the period. AXQ Capital LP’s holdings in Roper Technologies were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock valued at $5,553,932,000 after purchasing an additional 1,384,656 shares in the last quarter. State Street Corp lifted its holdings in shares of Roper Technologies by 0.9% in the third quarter. State Street Corp now owns 4,986,755 shares of the industrial products company’s stock valued at $2,486,845,000 after purchasing an additional 46,697 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Roper Technologies by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company’s stock valued at $1,172,099,000 after purchasing an additional 22,335 shares in the last quarter. Norges Bank bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $1,112,873,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Roper Technologies by 2.1% in the third quarter. Franklin Resources Inc. now owns 1,847,398 shares of the industrial products company’s stock valued at $921,279,000 after purchasing an additional 37,766 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Down 1.4%
NASDAQ:ROP opened at $331.70 on Thursday. The firm has a market capitalization of $33.48 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.53 and a beta of 0.77. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $576.49. The stock’s 50 day moving average price is $344.29 and its two-hundred day moving average price is $380.12. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. Roper Technologies’s payout ratio is 22.74%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on ROP shares. Royal Bank Of Canada boosted their price target on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Zacks Research upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Robert W. Baird boosted 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. Piper Sandler boosted their price target on Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Barclays cut their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock 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 given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $472.07.
Get Our Latest Stock Report 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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