Villere ST Denis J & Co. LLC cut its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 4.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 58,017 shares of the industrial products company’s stock after selling 2,528 shares during the quarter. Roper Technologies accounts for about 2.3% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 28th largest holding. Villere ST Denis J & Co. LLC’s holdings in Roper Technologies were worth $20,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new stake in Roper Technologies during the third quarter valued at approximately $10,053,000. Empire Life Investments Inc. increased its holdings in shares of Roper Technologies by 38.5% in the 4th quarter. Empire Life Investments Inc. now owns 45,517 shares of the industrial products company’s stock worth $20,261,000 after buying an additional 12,645 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Roper Technologies by 12.5% during the 4th 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 in the last quarter. SG Americas Securities LLC raised its position in shares of Roper Technologies by 726.0% during the 4th quarter. SG Americas Securities LLC now owns 408,775 shares of the industrial products company’s stock valued at $181,958,000 after buying an additional 359,286 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Roper Technologies by 31.6% during the 4th quarter. BNP Paribas Financial Markets now owns 444,950 shares of the industrial products company’s stock worth $198,061,000 after acquiring an additional 106,902 shares during the last quarter. 93.31% of the stock is owned by institutional investors.
Roper Technologies Trading Down 0.0%
Shares of NASDAQ:ROP traded down $0.04 on Friday, reaching $355.90. 860,759 shares of the company traded hands, compared to its average volume of 1,204,048. The stock has a market capitalization of $35.92 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.62 and a beta of 0.76. The business’s 50-day simple moving average is $336.48 and its 200 day simple moving average is $360.89. 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, Inc. has a 52 week low of $305.96 and a 52 week high of $566.24.
Roper Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Analysts Set New Price Targets
ROP has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. BMO Capital Markets initiated coverage on Roper Technologies in a research note on Friday. They set a “market perform” rating and a $393.00 price target for the company. Robert W. Baird upped their price objective on Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Zacks Research cut Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada boosted their target price on Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $467.12.
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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