Securian Asset Management Inc. trimmed its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 44.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,927 shares of the industrial products company’s stock after selling 2,334 shares during the period. Securian Asset Management Inc.’s holdings in Roper Technologies were worth $1,303,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. Johnson Investment Counsel Inc. increased its holdings in Roper Technologies by 2.8% in the third quarter. Johnson Investment Counsel Inc. now owns 162,291 shares of the industrial products company’s stock valued at $80,933,000 after purchasing an additional 4,479 shares during the last quarter. Stephens Inc. AR increased its holdings in Roper Technologies by 36.5% during the 3rd quarter. Stephens Inc. AR now owns 14,117 shares of the industrial products company’s stock worth $7,040,000 after purchasing an additional 3,773 shares in the last quarter. ING Groep NV boosted its position in Roper Technologies by 175.7% during the 3rd quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock worth $59,219,000 after acquiring an additional 75,675 shares during the last quarter. Principal Financial Group Inc. grew its position in 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 valued at $1,273,387,000 after purchasing an additional 54,221 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Roper Technologies during the third quarter valued at approximately $10,053,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
Shares of Roper Technologies stock opened at $323.94 on Wednesday. Roper Technologies, Inc. has a 12 month low of $313.07 and a 12 month high of $584.03. The business’s fifty day simple moving average is $353.83 and its 200 day simple moving average is $394.46. The firm has a market capitalization of $32.69 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.50 and a beta of 0.81. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52.
Roper Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, April 6th. Roper Technologies’s payout ratio is presently 22.74%.
Analyst Ratings Changes
Several research firms have issued reports on ROP. TD Cowen restated a “buy” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Piper Sandler raised their price target on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Jefferies Financial Group set a $500.00 target price on Roper Technologies in a research note on Wednesday, January 28th. Weiss Ratings lowered shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $385.00 target price (down from $550.00) on shares of Roper Technologies in a research report on Tuesday, January 27th. Two investment 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, the company presently has an average rating of “Hold” and an average price target of $472.07.
Read Our Latest Stock Analysis on Roper Technologies
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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