Swedbank AB lifted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,132,849 shares of the industrial products company’s stock after purchasing an additional 69,124 shares during the period. Swedbank AB owned approximately 1.05% of Roper Technologies worth $504,265,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Roper Technologies by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock valued at $5,553,932,000 after buying an additional 1,384,656 shares during the period. JPMorgan Chase & Co. increased its stake in Roper Technologies by 62.5% in the third quarter. JPMorgan Chase & Co. now owns 1,585,732 shares of the industrial products company’s stock valued at $790,789,000 after purchasing an additional 610,089 shares in the last quarter. Flossbach Von Storch SE increased its stake in Roper Technologies by 130.3% in the third quarter. Flossbach Von Storch SE now owns 896,161 shares of the industrial products company’s stock valued at $446,907,000 after purchasing an additional 507,083 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Roper Technologies by 131.6% in the third quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock valued at $374,416,000 after purchasing an additional 426,648 shares in the last quarter. Finally, Van ECK Associates Corp bought a new stake in Roper Technologies in the third quarter valued at approximately $200,009,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
Shares of ROP opened at $356.56 on Wednesday. The firm has a 50-day moving average of $354.25 and a 200-day moving average of $400.34. Roper Technologies, Inc. has a one year low of $313.07 and a one year high of $584.03. The company has a market cap of $36.50 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.62 and a beta of 0.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49.
Roper Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Monday, April 6th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Wall Street Analyst Weigh In
Several brokerages have commented on ROP. Stifel Nicolaus reaffirmed a “hold” rating and issued a $385.00 target price (down from $550.00) on shares of Roper Technologies in a research note on Tuesday, January 27th. TD Cowen reissued a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Zacks Research raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their target price on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a research report on Wednesday, January 28th. Finally, Citigroup decreased their target price on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $472.07.
Get Our Latest Research Report on ROP
Insider Activity
In related news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the purchase, the director owned 1,400 shares in the company, valued at $501,844. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.
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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