ARQ Wealth Advisors LLC bought a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund bought 1,864 shares of the industrial products company’s stock, valued at approximately $660,000.
A number of other hedge funds have also recently added to or reduced their stakes in ROP. Hutchens & Kramer Investment Management Group LLC increased its holdings in Roper Technologies by 2.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,003 shares of the industrial products company’s stock valued at $446,000 after buying an additional 23 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Roper Technologies by 1.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 23 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in Roper Technologies by 5.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 460 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 25 shares during the period. SeaCrest Wealth Management LLC boosted its position in Roper Technologies by 6.2% during the third quarter. SeaCrest Wealth Management LLC now owns 429 shares of the industrial products company’s stock worth $223,000 after purchasing an additional 25 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its holdings in Roper Technologies by 0.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 5,377 shares of the industrial products company’s stock valued at $2,393,000 after purchasing an additional 29 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Price Performance
Shares of Roper Technologies stock traded down $0.04 on Friday, hitting $355.90. 860,759 shares of the company were exchanged, compared to its average volume of 1,204,048. 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 50-day moving average price of $336.48 and a 200 day moving average price of $360.89. The stock has a market capitalization of $35.92 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.62 and a beta of 0.76. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $566.24.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s payout ratio is currently 22.74%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Barclays reduced their target price on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. BMO Capital Markets began coverage on shares of Roper Technologies in a report on Friday. They set a “market perform” rating and a $393.00 price objective on the stock. Zacks Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $467.12.
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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