The Manufacturers Life Insurance Company boosted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 49.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 651,975 shares of the industrial products company’s stock after buying an additional 216,741 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Roper Technologies were worth $230,708,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of ROP. Brighton Jones LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $203,000. Empowered Funds LLC raised its position in Roper Technologies by 11.7% in the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock worth $1,832,000 after purchasing an additional 326 shares during the period. Cary Street Partners Financial LLC purchased a new stake in Roper Technologies in the 2nd quarter worth about $137,000. Nebula Research & Development LLC bought a new stake in Roper Technologies in the second quarter worth about $977,000. Finally, Sei Investments Co. boosted its position in shares of Roper Technologies by 22.6% during the second quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock valued at $34,928,000 after buying an additional 11,372 shares during the period. 93.31% of the stock is currently owned by institutional investors.
Roper Technologies Stock Performance
Roper Technologies stock opened at $375.02 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.51 and a current ratio of 0.55. The company has a market capitalization of $37.85 billion, a PE ratio of 15.54, a P/E/G ratio of 1.65 and a beta of 0.76. The company has a 50 day moving average price of $341.17 and a 200-day moving average price of $353.47. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $564.68.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.91 per share. The ex-dividend date was 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 15.08%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on ROP shares. Barclays reduced their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. Piper Sandler dropped their price objective on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a report on Friday. BMO Capital Markets began coverage on Roper Technologies in a research report on Friday, July 10th. They issued a “market perform” rating and a $393.00 price objective on the stock. Robert W. Baird set a $480.00 target price on Roper Technologies in a research report on Friday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $466.88.
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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