Truist Financial Corp lowered its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 24.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,134 shares of the industrial products company’s stock after selling 2,360 shares during the quarter. Truist Financial Corp’s holdings in Roper Technologies were worth $3,175,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Field & Main Bank acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at about $25,000. Triumph Capital Management acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at about $25,000. Quent Capital LLC acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at about $37,000. Board of the Pension Protection Fund bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $36,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Roper Technologies during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Down 4.2%
ROP stock opened at $328.80 on Tuesday. Roper Technologies, Inc. has a 12 month low of $313.07 and a 12 month high of $584.03. The firm has a market cap of $33.18 billion, a PE ratio of 20.54, a P/E/G ratio of 1.56 and a beta of 0.81. The firm has a 50 day simple moving average of $354.35 and a 200 day simple moving average of $395.76. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Monday, April 6th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. TD Cowen reaffirmed a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Oppenheimer restated a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Barclays decreased their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a report on Friday, April 24th. Piper Sandler increased their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Jefferies Financial Group set a $500.00 price objective on shares of Roper Technologies in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $472.07.
Read Our Latest Report on Roper Technologies
Roper Technologies Company 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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