Capitolis Liquid Global Markets LLC bought a new stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 185,000 shares of the industrial products company’s stock, valued at approximately $82,349,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. Triumph Capital Management purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at approximately $25,000. Tucker Asset Management LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $33,000. Board of the Pension Protection Fund purchased a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $36,000. Kelleher Financial Advisors purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at approximately $40,000. Finally, DT Investment Partners LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $46,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Stock Performance
NASDAQ ROP opened at $329.97 on Thursday. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $575.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49. The stock has a market capitalization of $33.30 billion, a PE ratio of 20.61, a P/E/G ratio of 1.54 and a beta of 0.77. The company’s 50 day simple moving average is $340.46 and its two-hundred day simple moving average is $372.30.
Roper Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 annualized dividend and a yield of 1.1%. Roper Technologies’s dividend payout ratio is currently 22.74%.
Analyst Ratings Changes
ROP has been the topic of a number of recent research reports. Barclays dropped their price target on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research note on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. Royal Bank Of Canada upped their price target on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Robert W. Baird upped their price target 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. Finally, Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Hold” and an average target price of $472.07.
Read Our Latest Report on Roper Technologies
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.
Featured Articles
- Five stocks we like better than Roper Technologies
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
