BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 72.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,244 shares of the industrial products company’s stock after selling 3,249 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Roper Technologies were worth $440,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new position in Roper Technologies in the fourth quarter worth $33,000. Board of the Pension Protection Fund acquired a new stake in Roper Technologies during the fourth quarter worth $36,000. Kelleher Financial Advisors bought a new stake in Roper Technologies in the 3rd quarter valued at $40,000. Finally, MV Capital Management Inc. acquired a new position in shares of Roper Technologies in the 4th quarter valued at $41,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.2%
Shares of Roper Technologies stock opened at $332.42 on Friday. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $575.77. The business has a fifty day simple moving average of $337.68 and a 200 day simple moving average of $367.42. 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 stock has a market cap of $33.55 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.51 and a beta of 0.77.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be given 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 of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Robert W. Baird increased their price target on shares of Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Piper Sandler lifted 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. Royal Bank Of Canada increased 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. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $472.07.
View 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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