Cibc World Market Inc. raised its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,510 shares of the industrial products company’s stock after acquiring an additional 2,122 shares during the quarter. Cibc World Market Inc.’s holdings in Roper Technologies were worth $10,910,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of Roper Technologies by 2.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,003 shares of the industrial products company’s stock worth $446,000 after buying an additional 23 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Roper Technologies by 1.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock worth $1,115,000 after buying an additional 23 shares during the period. Promus Capital LLC raised its stake in shares of Roper Technologies by 1.5% in the third quarter. Promus Capital LLC now owns 1,640 shares of the industrial products company’s stock worth $818,000 after buying an additional 25 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Roper Technologies by 5.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 460 shares of the industrial products company’s stock worth $205,000 after buying an additional 25 shares during the period. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Roper Technologies by 6.2% in the third quarter. SeaCrest Wealth Management LLC now owns 429 shares of the industrial products company’s stock worth $223,000 after buying an additional 25 shares during the period. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
NASDAQ:ROP opened at $332.18 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $576.49. The stock has a 50-day moving average price of $343.71 and a 200 day moving average price of $378.97. The stock has a market capitalization of $33.52 billion, a P/E ratio of 20.75, a P/E/G 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 given a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Wall Street Analysts Forecast Growth
ROP has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective 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. Robert W. Baird raised their price objective on Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings downgraded Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Piper Sandler raised their price objective on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Barclays decreased their price objective on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $472.07.
Read 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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