King Luther Capital Management Corp decreased its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 464,042 shares of the industrial products company’s stock after selling 26,210 shares during the period. Roper Technologies accounts for approximately 0.8% of King Luther Capital Management Corp’s portfolio, making the stock its 26th biggest position. King Luther Capital Management Corp’s holdings in Roper Technologies were worth $206,559,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position 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 worth $5,553,932,000 after buying an additional 1,384,656 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Roper Technologies by 62.5% in 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 acquiring an additional 610,089 shares in the last quarter. Flossbach Von Storch SE increased its position in shares of Roper Technologies by 130.3% in the third quarter. Flossbach Von Storch SE now owns 896,161 shares of the industrial products company’s stock valued at $446,907,000 after acquiring an additional 507,083 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Roper Technologies by 131.6% in the third quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock valued at $374,416,000 after acquiring an additional 426,648 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in Roper Technologies during the third quarter worth about $200,009,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Trading Down 2.0%
ROP stock opened at $320.30 on Wednesday. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $576.55. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.49 and a beta of 0.81. The company has a fifty day moving average price of $347.13 and a two-hundred day moving average price of $385.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.91 per share. 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 (DPR) is 22.74%.
Analysts Set New Price Targets
ROP has been the topic of a number of analyst reports. Weiss Ratings cut Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Argus restated a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Truist Financial dropped their price target on shares of Roper Technologies from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Finally, Barclays cut their price target on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. Two equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $472.07.
Check Out Our Latest Research 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.
Recommended Stories
- Five stocks we like better than Roper Technologies
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
- AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
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.
