First United Bank & Trust trimmed its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 80.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 443 shares of the industrial products company’s stock after selling 1,782 shares during the period. First United Bank & Trust’s holdings in Roper Technologies were worth $157,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in shares of Roper Technologies in the 3rd quarter worth about $25,000. Tucker Asset Management LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $33,000. Board of the Pension Protection Fund purchased a new position in Roper Technologies during the 4th quarter valued at about $36,000. Kelleher Financial Advisors bought a new stake in Roper Technologies during the third quarter worth about $40,000. Finally, MV Capital Management Inc. purchased a new stake in Roper Technologies in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Trading Up 1.8%
Shares of NASDAQ ROP opened at $338.31 on Friday. The firm’s 50 day moving average price is $337.29 and its 200-day moving average price is $367.22. The company has a market cap of $34.14 billion, a PE ratio of 21.13, a P/E/G ratio of 1.51 and a beta of 0.77. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $575.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Barclays cut their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research note on Friday, April 24th. Piper Sandler raised their price objective on Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada lifted their price objective on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $472.07.
Get Our Latest Research 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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