Praxis Investment Management Inc. lowered its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 41.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,740 shares of the industrial products company’s stock after selling 2,600 shares during the quarter. Praxis Investment Management Inc.’s holdings in Roper Technologies were worth $1,323,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Triumph Capital Management bought a new position in shares of Roper Technologies during the third quarter worth $25,000. Private Wealth Management Group LLC grew its stake in Roper Technologies by 195.8% in the first quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 47 shares during the period. Tucker Asset Management LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth about $33,000. Board of the Pension Protection Fund acquired a new position in shares of Roper Technologies in the 4th quarter valued at approximately $36,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Roper Technologies in the third quarter valued at approximately $40,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
ROP stock opened at $364.20 on Friday. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 22.75, a P/E/G 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 business has a 50 day moving average price of $336.18 and a two-hundred 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s payout ratio is 22.74%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ROP. Robert W. Baird increased their price objective on Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Zacks Research cut shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Barclays decreased their target price 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, Piper Sandler lifted their price target on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $472.07.
Get Our Latest Stock Analysis on Roper Technologies
About Roper Technologies
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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