Jefferies Financial Group Inc. decreased its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 76.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609 shares of the industrial products company’s stock after selling 1,995 shares during the period. Jefferies Financial Group Inc.’s holdings in Roper Technologies were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 12.5% during the 4th 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 lifted its holdings in Roper Technologies by 0.9% in the 3rd quarter. State Street Corp now owns 4,986,755 shares of the industrial products company’s stock valued at $2,486,845,000 after purchasing an additional 46,697 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Roper Technologies by 2.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock valued at $1,273,387,000 after purchasing an additional 54,221 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Roper Technologies by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,847,398 shares of the industrial products company’s stock valued at $921,279,000 after purchasing an additional 37,766 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Roper Technologies by 12.1% in the 3rd quarter. Invesco Ltd. now owns 1,677,331 shares of the industrial products company’s stock valued at $836,468,000 after purchasing an additional 181,243 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of ROP opened at $325.53 on Monday. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $576.49. The company has a market capitalization of $32.85 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.48 and a beta of 0.77. The stock has a fifty day simple moving average of $345.25 and a two-hundred day simple moving average of $382.47. 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 firm 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Robert W. Baird raised their price objective on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Zacks Research upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Weiss Ratings lowered Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Royal Bank Of Canada raised their price objective 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, Barclays decreased 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. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $472.07.
Read 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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