111 Capital lessened its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 70.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,111 shares of the industrial products company’s stock after selling 2,688 shares during the quarter. 111 Capital’s holdings in Roper Technologies were worth $495,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Johnson Investment Counsel Inc. increased its position in shares of Roper Technologies by 2.8% in the third quarter. Johnson Investment Counsel Inc. now owns 162,291 shares of the industrial products company’s stock worth $80,933,000 after purchasing an additional 4,479 shares during the last quarter. ING Groep NV increased its position in shares of Roper Technologies by 175.7% in the third quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock worth $59,219,000 after purchasing an additional 75,675 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Roper Technologies in the third quarter worth approximately $10,053,000. Empire Life Investments Inc. increased its position in shares of Roper Technologies by 38.5% in the fourth quarter. Empire Life Investments Inc. now owns 45,517 shares of the industrial products company’s stock worth $20,261,000 after purchasing an additional 12,645 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Roper Technologies by 6.2% in the third quarter. Dimensional Fund Advisors LP now owns 525,245 shares of the industrial products company’s stock worth $261,945,000 after buying an additional 30,819 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP stock opened at $332.18 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. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $576.49. The stock has a 50 day moving average price of $343.71 and a two-hundred day moving average price of $378.97. The company has a market capitalization of $33.52 billion, a P/E ratio of 20.75, a PEG ratio of 1.51 and a beta of 0.77.
Roper Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s dividend payout ratio is currently 22.74%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ROP. Piper Sandler upped their target price on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Zacks Research raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Weiss Ratings lowered Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Barclays cut their target price on 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, Royal Bank Of Canada upped their target price on Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.
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