Appleton Partners Inc. MA trimmed its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 80.6% during the first quarter, HoldingsChannel reports. The fund owned 4,138 shares of the industrial products company’s stock after selling 17,199 shares during the quarter. Appleton Partners Inc. MA’s holdings in Roper Technologies were worth $1,464,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Abel Hall LLC increased its position in shares of Roper Technologies by 41.3% in the 1st quarter. Abel Hall LLC now owns 1,081 shares of the industrial products company’s stock worth $383,000 after purchasing an additional 316 shares during the last quarter. Ascentis Independent Advisors lifted its position in shares of Roper Technologies by 16.5% during the first quarter. Ascentis Independent Advisors now owns 982 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 139 shares during the last quarter. Astoria Portfolio Advisors LLC. grew its stake in Roper Technologies by 7.8% in the first quarter. Astoria Portfolio Advisors LLC. now owns 695 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 50 shares in the last quarter. Revisor Wealth Management LLC grew its stake in Roper Technologies by 19.6% in the first quarter. Revisor Wealth Management LLC now owns 903 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 148 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Roper Technologies by 71.5% in the first quarter. V Square Quantitative Management LLC now owns 1,617 shares of the industrial products company’s stock valued at $572,000 after buying an additional 674 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Price Performance
Shares of Roper Technologies stock opened at $364.20 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. The business’s 50 day simple moving average is $336.18 and its 200-day simple moving average is $363.40. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 1.66 and a beta of 0.76. 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Analyst Ratings Changes
A number of research firms have commented on ROP. Barclays reduced their target price on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. Royal Bank Of Canada boosted their price target on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Zacks Research lowered Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. 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. Finally, Piper Sandler boosted their target price on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $472.07.
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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