Corient Private Wealth LLC reduced its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 738,434 shares of the industrial products company’s stock after selling 170,037 shares during the period. Corient Private Wealth LLC owned about 0.72% of Roper Technologies worth $329,301,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new stake in Roper Technologies in the fourth quarter valued at $203,000. Empowered Funds LLC lifted its holdings 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 valued at $1,832,000 after acquiring an additional 326 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Roper Technologies in the 2nd quarter valued at $137,000. Nebula Research & Development LLC acquired a new stake in shares of Roper Technologies in the 2nd quarter valued at $977,000. Finally, Sei Investments Co. grew its holdings in shares of Roper Technologies by 22.6% in the 2nd quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock worth $34,928,000 after purchasing an additional 11,372 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
ROP stock opened at $330.26 on Friday. The business’s fifty day moving average is $339.38 and its 200-day moving average is $371.20. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The company has a market cap of $33.33 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $575.77.
Roper Technologies Announces Dividend
The company also recently declared 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 is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Barclays decreased their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research note on Friday, April 24th. Robert W. Baird lifted their price objective on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. Piper Sandler increased their target price on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Two research 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 given a Sell rating to the company. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Hold” and an average price target of $472.07.
Get Our Latest Analysis on ROP
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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