Cibc World Market Inc. raised its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,510 shares of the industrial products company’s stock after buying an additional 2,122 shares during the quarter. Cibc World Market Inc.’s holdings in Roper Technologies were worth $10,910,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ROP. Norges Bank purchased a new position in Roper Technologies during the 4th quarter valued at approximately $1,112,873,000. Vanguard Group Inc. grew its holdings in Roper Technologies by 12.5% during 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 buying an additional 1,384,656 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Roper Technologies by 62.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,585,732 shares of the industrial products company’s stock valued at $790,789,000 after buying an additional 610,089 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in Roper Technologies by 131.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock valued at $374,416,000 after buying an additional 426,648 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in Roper Technologies during the 3rd quarter valued at approximately $200,009,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of Roper Technologies stock opened at $332.18 on Friday. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 1.51 and a beta of 0.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53. The stock has a 50 day moving average price of $343.71 and a 200-day moving average price of $378.97. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $576.49.
Roper Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Analyst Ratings Changes
Several equities analysts have weighed in on ROP shares. Barclays cut their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a report on Friday, April 24th. Zacks Research upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Weiss Ratings cut Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Royal Bank Of Canada lifted their target price on Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Finally, Piper Sandler lifted their target price on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $472.07.
Check Out Our Latest Report on ROP
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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