Bank Julius Baer & Co. Ltd Zurich cut its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 32.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,522 shares of the industrial products company’s stock after selling 1,726 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Roper Technologies were worth $1,568,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Roper Technologies by 12.5% in the fourth 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. State Street Corp raised its stake in Roper Technologies by 0.9% in the third quarter. State Street Corp now owns 4,986,755 shares of the industrial products company’s stock valued at $2,486,845,000 after buying an additional 46,697 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Roper Technologies by 2.2% during the third quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock worth $1,273,387,000 after purchasing an additional 54,221 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Roper Technologies by 2.1% during the third quarter. Franklin Resources Inc. now owns 1,847,398 shares of the industrial products company’s stock worth $921,279,000 after purchasing an additional 37,766 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Roper Technologies by 12.1% during the third quarter. Invesco Ltd. now owns 1,677,331 shares of the industrial products company’s stock worth $836,468,000 after purchasing an additional 181,243 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
NASDAQ ROP opened at $320.90 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.53 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 $584.03. The business’s 50-day moving average price is $351.51 and its 200 day moving average price is $391.67. The firm has a market cap of $32.39 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.46 and a beta of 0.81.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Monday, April 6th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Wall Street Analysts Forecast Growth
ROP has been the topic of several research reports. Argus reaffirmed a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Barclays dropped their price objective on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. JPMorgan Chase & Co. dropped their price objective on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating on the stock in a report on Wednesday, January 28th. Weiss Ratings lowered Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Finally, Truist Financial dropped their price objective on Roper Technologies from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $472.07.
Check Out Our Latest Research Report on ROP
About Roper Technologies
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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