Bokf Na lowered its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 59.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,990 shares of the industrial products company’s stock after selling 4,449 shares during the period. Bokf Na’s holdings in Roper Technologies were worth $1,331,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Roper Technologies by 2.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,328 shares of the industrial products company’s stock valued at $6,823,000 after acquiring an additional 394 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Roper Technologies during the 4th quarter worth approximately $455,000. Alpha Wealth Funds LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $217,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $498,000. Finally, Intact Investment Management Inc. purchased a new stake in Roper Technologies during the fourth quarter worth $76,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
ROP opened at $343.32 on Friday. The stock’s 50 day simple moving average is $354.83 and its 200 day simple moving average is $398.21. The stock has a market cap of $34.65 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.61 and a beta of 0.81. Roper Technologies, Inc. has a 1-year low of $313.07 and a 1-year high of $584.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49.
Roper Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Monday, April 6th were given a dividend of $0.91 per share. The ex-dividend date was Monday, April 6th. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Analyst Ratings Changes
Several research firms have issued reports on ROP. Truist Financial decreased their price objective on shares of Roper Technologies from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. TD Cowen reiterated a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Robert W. Baird raised their price objective on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their target price on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 28th. Finally, Melius Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target for the company. in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $472.07.
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.
See Also
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