Mirae Asset Global Investments Co. Ltd. lifted its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,098 shares of the industrial products company’s stock after buying an additional 8,799 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Roper Technologies were worth $23,636,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Roper Technologies by 1.8% in the third quarter. Vanguard Group Inc. now owns 11,092,444 shares of the industrial products company’s stock worth $5,531,691,000 after buying an additional 195,545 shares during the period. State Street Corp raised its holdings in shares of Roper Technologies by 0.9% in the third quarter. State Street Corp now owns 4,986,755 shares of the industrial products company’s stock worth $2,486,845,000 after buying an additional 46,697 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Roper Technologies by 2.2% in the third quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock worth $1,273,387,000 after buying an additional 54,221 shares during the period. Franklin Resources Inc. raised its holdings in shares of Roper Technologies by 2.1% in the third quarter. Franklin Resources Inc. now owns 1,847,398 shares of the industrial products company’s stock worth $921,279,000 after buying an additional 37,766 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Roper Technologies by 12.1% in the third quarter. Invesco Ltd. now owns 1,677,331 shares of the industrial products company’s stock worth $836,468,000 after buying an additional 181,243 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Stock Up 0.2%
Shares of NASDAQ:ROP opened at $362.44 on Friday. Roper Technologies, Inc. has a 52-week low of $313.07 and a 52-week high of $584.03. The stock has a market cap of $37.10 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89. The business’s 50 day moving average is $348.83 and its 200 day moving average is $411.58. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.
Roper Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is 25.63%.
Analyst Upgrades and Downgrades
ROP has been the topic of several recent analyst reports. Mizuho reduced their price target on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a report on Wednesday, January 28th. Truist Financial reduced their price target on Roper Technologies from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Piper Sandler dropped their price objective on Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. The Goldman Sachs Group dropped their price objective on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Finally, Barclays dropped their price objective on Roper Technologies from $409.00 to $380.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Hold” and a consensus target price of $476.60.
Get Our Latest Research Report on Roper Technologies
Insider Transactions at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the company’s stock in a transaction on Friday, February 6th. The shares were acquired at an average price of $358.46 per share, with a total value of $501,844.00. Following the transaction, the director owned 1,400 shares of the company’s stock, valued at $501,844. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.78% of the company’s stock.
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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