Burling Wealth Partners LLC decreased its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 13.5% in the fourth quarter, Holdings Channel reports. The firm owned 9,880 shares of the industrial products company’s stock after selling 1,548 shares during the period. Burling Wealth Partners LLC’s holdings in Roper Technologies were worth $4,398,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of ROP. Hutchens & Kramer Investment Management Group LLC lifted its holdings in Roper Technologies by 2.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,003 shares of the industrial products company’s stock worth $446,000 after buying an additional 23 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Roper Technologies by 1.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock worth $1,115,000 after buying an additional 23 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Roper Technologies by 36.8% during the third quarter. Cornerstone Planning Group LLC now owns 93 shares of the industrial products company’s stock worth $46,000 after buying an additional 25 shares during the period. Promus Capital LLC lifted its holdings in Roper Technologies by 1.5% during the third quarter. Promus Capital LLC now owns 1,640 shares of the industrial products company’s stock worth $818,000 after buying an additional 25 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in Roper Technologies by 5.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 460 shares of the industrial products company’s stock worth $205,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP opened at $323.12 on Thursday. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $583.95. The stock has a fifty day moving average price of $349.24 and a 200-day moving average price of $388.61. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm has a market cap of $32.61 billion, a PE ratio of 20.18, a P/E/G ratio of 1.50 and a beta of 0.81.
Roper Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s dividend payout ratio is currently 22.74%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ROP. Barclays lowered their target price on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a report on Friday, April 24th. Mizuho lowered their target price on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating for the company in a report on Wednesday, January 28th. JPMorgan Chase & Co. lowered their target price on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a report on Wednesday, January 28th. Zacks Research upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Piper Sandler upped 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 investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $472.07.
Read Our Latest Research 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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