Private Advisor Group LLC decreased its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 65.5% during the 1st quarter, Holdings Channel reports. The firm owned 1,708 shares of the industrial products company’s stock after selling 3,247 shares during the quarter. Private Advisor Group LLC’s holdings in Roper Technologies were worth $604,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $25,000. Private Wealth Management Group LLC increased its stake in shares of Roper Technologies by 195.8% in the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 47 shares in the last quarter. Tucker Asset Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter valued at $33,000. Board of the Pension Protection Fund bought a new position in Roper Technologies during the fourth quarter worth $36,000. Finally, Kelleher Financial Advisors bought a new position in Roper Technologies during the third quarter worth $40,000. 93.31% of the stock is currently owned by institutional investors.
Roper Technologies Stock Performance
NASDAQ ROP opened at $348.51 on Thursday. The firm has a market cap of $35.17 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.58 and a beta of 0.76. 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’s 50 day moving average is $336.36 and its 200-day moving average is $358.18. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $566.24.
Roper Technologies Announces Dividend
The company also recently declared 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 of this dividend is Wednesday, July 8th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Roper Technologies’s dividend payout ratio is presently 22.74%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ROP shares. Piper Sandler lifted their price target on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Robert W. Baird increased their price target on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. BMO Capital Markets started coverage on shares of Roper Technologies in a research note on Friday, July 10th. They issued a “market perform” rating and a $393.00 target price for the company. Finally, Zacks Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $467.12.
Read Our Latest Research Report on ROP
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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