Rockefeller Capital Management L.P. raised its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,709 shares of the industrial products company’s stock after buying an additional 7,466 shares during the period. Rockefeller Capital Management L.P. owned 0.10% of Roper Technologies worth $46,164,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new position in Roper Technologies in the 4th quarter valued at $1,112,873,000. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock worth $5,553,932,000 after purchasing an additional 1,384,656 shares during the period. OpenArc Corporate Advisory LLC purchased a new position in shares of Roper Technologies in the 4th quarter worth about $367,567,000. AQR Capital Management LLC grew its position in Roper Technologies by 194.6% during the fourth quarter. AQR Capital Management LLC now owns 772,347 shares of the industrial products company’s stock valued at $343,795,000 after buying an additional 510,138 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Roper Technologies by 131.6% during the third quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock valued at $374,416,000 after buying an additional 426,648 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP stock opened at $330.26 on Friday. The firm’s 50 day moving average is $339.38 and its 200 day moving average is $371.20. The stock has a market capitalization of $33.33 billion, a P/E ratio of 20.63, a PEG ratio of 1.50 and a beta of 0.77. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $575.77. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid 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 payout ratio is presently 22.74%.
Analyst Upgrades and Downgrades
ROP has been the topic of several research reports. Barclays lowered 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 report on Friday, April 24th. Royal Bank Of Canada increased their target price on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. Piper Sandler increased their price objective on Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Zacks Research raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $472.07.
Read Our Latest Stock 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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