SEB Asset Management AB acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,533 shares of the industrial products company’s stock, valued at approximately $7,620,000.
A number of other institutional investors also recently made changes to their positions in the business. Triumph Capital Management acquired a new stake in Roper Technologies in the third quarter valued at $25,000. Private Wealth Management Group LLC increased its position 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 worth $25,000 after purchasing an additional 47 shares during the last quarter. Tucker Asset Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $33,000. Kelleher Financial Advisors acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at about $40,000. Finally, MV Capital Management Inc. bought a new position in shares of Roper Technologies during the fourth quarter worth about $41,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Trading Down 3.3%
NASDAQ ROP opened at $350.69 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $566.24. The company has a 50-day simple moving average of $338.21 and a 200-day simple moving average of $355.68. The firm has a market capitalization of $35.39 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a yield of 1.0%. Roper Technologies’s payout ratio is currently 22.74%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Barclays decreased their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. Piper Sandler increased their target price on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research lowered Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada boosted their price target on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Finally, Robert W. Baird upped 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued 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 presently has a consensus rating of “Hold” and a consensus target price of $466.50.
Get 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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