Tredje AP fonden lifted its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 33.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,343 shares of the industrial products company’s stock after acquiring an additional 21,790 shares during the period. Tredje AP fonden owned 0.08% of Roper Technologies worth $38,879,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in ROP. Field & Main Bank purchased a new position in Roper Technologies in the third quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of Roper Technologies during the third quarter valued at about $25,000. Tucker Asset Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $33,000. Board of the Pension Protection Fund purchased a new position in shares of Roper Technologies in the 4th quarter worth approximately $36,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Roper Technologies in the 3rd quarter worth approximately $40,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 3.2%
NASDAQ:ROP opened at $331.01 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $584.03. The company has a market cap of $33.40 billion, a PE ratio of 20.68, a P/E/G ratio of 1.46 and a beta of 0.81. The company’s 50 day moving average is $350.81 and its two-hundred day moving average is $390.28.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. Roper Technologies’s payout ratio is currently 22.74%.
Analyst Ratings Changes
A number of research firms recently commented on ROP. Royal Bank Of Canada increased their target price on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Zacks Research raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Oppenheimer reiterated a “market perform” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Citigroup lowered their price objective on Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Finally, Barclays dropped their target price on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research note 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $472.07.
Read Our Latest 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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