Akre Capital Management LLC reduced its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,105,153 shares of the industrial products company’s stock after selling 51,520 shares during the quarter. Roper Technologies makes up approximately 5.4% of Akre Capital Management LLC’s portfolio, making the stock its 8th biggest position. Akre Capital Management LLC’s holdings in Roper Technologies were worth $491,937,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ROP. Triumph Capital Management acquired a new position in Roper Technologies in the 3rd quarter valued at about $25,000. Tucker Asset Management LLC acquired a new position in Roper Technologies in the 4th quarter valued at about $33,000. Board of the Pension Protection Fund acquired a new position in Roper Technologies in the 4th quarter valued at about $36,000. Kelleher Financial Advisors acquired a new position in Roper Technologies in the 3rd quarter valued at about $40,000. Finally, DT Investment Partners LLC acquired a new position in Roper Technologies in the 4th quarter valued at about $46,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
Shares of Roper Technologies stock opened at $334.97 on Friday. The business has a 50-day simple moving average of $341.99 and a 200-day simple moving average of $375.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53. The company has a market cap of $33.81 billion, a PE ratio of 20.92, a P/E/G ratio of 1.53 and a beta of 0.77. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $575.77.
Roper Technologies Dividend Announcement
The business 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Piper Sandler boosted 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. Zacks Research raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Barclays lowered their price objective on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Finally, Robert W. Baird boosted their price objective on Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $472.07.
Check Out Our Latest Report on ROP
Roper Technologies 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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