Taikang Asset Management Hong Kong Co Ltd reduced its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 12.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,260 shares of the industrial products company’s stock after selling 2,448 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Roper Technologies were worth $7,683,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock worth $5,553,932,000 after buying an additional 1,384,656 shares in the last quarter. State Street Corp boosted its holdings in shares of Roper Technologies by 2.1% in the 4th quarter. State Street Corp now owns 5,092,005 shares of the industrial products company’s stock worth $2,266,604,000 after acquiring an additional 105,250 shares in the last quarter. Geode Capital Management LLC grew its position in Roper Technologies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company’s stock worth $1,172,099,000 after acquiring an additional 22,335 shares during the last quarter. Norges Bank acquired a new stake in Roper Technologies during the 4th quarter valued at $1,112,873,000. Finally, Franklin Resources Inc. raised its position 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 during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Stock Up 1.5%
NASDAQ:ROP opened at $337.33 on Wednesday. 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 12-month low of $305.96 and a 12-month high of $575.77. The stock’s fifty day simple moving average is $341.07 and its 200-day simple moving average is $373.12. The firm has a market capitalization of $34.04 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.52 and a beta of 0.77.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Analyst Ratings Changes
Several analysts have recently commented on ROP shares. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. Piper Sandler upped their price target on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Barclays lowered their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Finally, Robert W. Baird upped their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $472.07.
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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