Keybank National Association OH cut its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 18.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,827 shares of the industrial products company’s stock after selling 15,316 shares during the quarter. Keybank National Association OH’s holdings in Roper Technologies were worth $24,001,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of ROP. Brighton Jones LLC acquired a new position in Roper Technologies during the fourth quarter valued at $203,000. Empowered Funds LLC boosted its holdings in Roper Technologies by 11.7% in the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after purchasing an additional 326 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in Roper Technologies during the 2nd quarter worth about $137,000. Nebula Research & Development LLC purchased a new position in shares of Roper Technologies during the 2nd quarter valued at about $977,000. Finally, Sei Investments Co. lifted its holdings in shares of Roper Technologies by 22.6% in the 2nd 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 and hedge funds.
Roper Technologies Price Performance
ROP opened at $364.20 on Friday. The company has a market cap of $36.76 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.66 and a beta of 0.76. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $575.77. The company has a 50-day moving average price of $336.18 and a 200 day moving average price of $363.96. 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 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 paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. Roper Technologies’s payout ratio is currently 22.74%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. Zacks Research cut Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Barclays decreased their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a report on Friday, April 24th. Piper Sandler raised their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $472.07.
Get Our Latest Stock Analysis 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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