Hahn Capital Management LLC lowered its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 24.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,057 shares of the industrial products company’s stock after selling 2,279 shares during the quarter. Roper Technologies accounts for about 1.6% of Hahn Capital Management LLC’s portfolio, making the stock its 26th largest position. Hahn Capital Management LLC’s holdings in Roper Technologies were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Roper Technologies during the 4th quarter worth $1,112,873,000. Vanguard Group Inc. raised its position in Roper Technologies by 12.5% in 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 purchasing an additional 1,384,656 shares in the last quarter. OpenArc Corporate Advisory LLC purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $367,567,000. AQR Capital Management LLC boosted its stake in shares of Roper Technologies by 194.6% in the 4th quarter. AQR Capital Management LLC now owns 772,347 shares of the industrial products company’s stock valued at $343,795,000 after buying an additional 510,138 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Roper Technologies by 131.6% during the third quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock worth $374,416,000 after buying an additional 426,648 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Price Performance
Shares of NASDAQ ROP opened at $363.14 on Monday. 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 fifty-two week low of $305.96 and a fifty-two week high of $566.24. The firm has a market capitalization of $36.65 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. The stock’s 50-day simple moving average is $336.99 and its 200-day simple moving average is $356.96.
Roper Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Roper Technologies’s dividend payout ratio is presently 22.74%.
Analyst Ratings Changes
Several brokerages recently weighed in on ROP. Piper Sandler raised their target price on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a report on Friday, April 24th. BMO Capital Markets started coverage on shares of Roper Technologies in a report on Friday, July 10th. They set a “market perform” rating and a $393.00 price target for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. 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 report on Friday, April 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $467.12.
View Our Latest Research Report on ROP
Roper Technologies Company 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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