Guinness Atkinson Asset Management Inc grew its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,806 shares of the industrial products company’s stock after buying an additional 2,697 shares during the period. Roper Technologies accounts for about 2.9% of Guinness Atkinson Asset Management Inc’s investment portfolio, making the stock its 21st biggest holding. Guinness Atkinson Asset Management Inc’s holdings in Roper Technologies were worth $6,224,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ROP. Triumph Capital Management bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $33,000. Board of the Pension Protection Fund bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $36,000. Kelleher Financial Advisors bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $40,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Roper Technologies by 36.8% during the third quarter. Cornerstone Planning Group LLC now owns 93 shares of the industrial products company’s stock valued at $46,000 after buying an additional 25 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Trading Up 1.8%
Roper Technologies stock opened at $325.53 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53. The firm has a market cap of $32.85 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $576.49. The firm’s 50 day moving average price is $345.25 and its two-hundred day moving average price is $382.95.
Roper Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a $0.91 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 annualized dividend and a yield of 1.1%. Roper Technologies’s payout ratio is 22.74%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ROP. Robert W. Baird lifted their price target on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Piper Sandler boosted their target price on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Weiss Ratings cut Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Zacks Research raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Barclays dropped their target price on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Hold” and an average target price of $472.07.
Get 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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