ProShare Advisors LLC lifted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 14.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 516,107 shares of the industrial products company’s stock after buying an additional 65,969 shares during the period. ProShare Advisors LLC’s holdings in Roper Technologies were worth $229,735,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of ROP. Brighton Jones LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth about $203,000. Empowered Funds LLC lifted its stake in Roper Technologies by 11.7% in the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after purchasing an additional 326 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in Roper Technologies in the 2nd quarter valued at about $137,000. Nebula Research & Development LLC acquired a new stake in Roper Technologies in the 2nd quarter valued at about $977,000. Finally, Sei Investments Co. lifted its stake in Roper Technologies by 22.6% in the 2nd quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock valued at $34,928,000 after purchasing an additional 11,372 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Trading Up 3.2%
Shares of ROP stock opened at $331.01 on Tuesday. The firm has a 50 day moving average price of $350.81 and a two-hundred day moving average price of $390.28. 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 market capitalization of $33.40 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.81. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $584.03.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th were given a dividend of $0.91 per share. The ex-dividend date was Monday, April 6th. This represents a $3.64 annualized dividend and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Wall Street Analysts Forecast Growth
ROP has been the subject of several recent analyst reports. Truist Financial cut their target price on shares of Roper Technologies from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. 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. Melius Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 target price for the company. in a research note on Tuesday, January 27th. Argus reiterated a “hold” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Finally, TD Cowen reiterated a “buy” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $472.07.
View Our Latest Stock Analysis on Roper Technologies
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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