Eurizon Capital SGR S.p.A. purchased a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 18,962 shares of the industrial products company’s stock, valued at approximately $8,443,000.
A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of 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. State Street Corp lifted its stake in shares of Roper Technologies by 0.9% during the 3rd quarter. State Street Corp now owns 4,986,755 shares of the industrial products company’s stock valued at $2,486,845,000 after buying an additional 46,697 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Roper Technologies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company’s stock valued at $1,172,099,000 after buying an additional 22,335 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Roper Technologies by 2.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock valued at $1,273,387,000 after buying an additional 54,221 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Roper Technologies by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,847,398 shares of the industrial products company’s stock valued at $921,279,000 after buying an additional 37,766 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Stock Performance
NASDAQ ROP opened at $325.53 on Monday. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $576.49. 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 $32.85 billion, a PE ratio of 20.33, a P/E/G ratio of 1.48 and a beta of 0.77. The company’s 50 day simple moving average is $345.25 and its two-hundred day simple moving average is $382.47.
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 Upgrades and Downgrades
A number of brokerages recently commented on ROP. Piper Sandler upped their price target on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. 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 cut shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Finally, Robert W. Baird increased their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Roper Technologies has an average rating of “Hold” and an average target price of $472.07.
Read Our Latest Report on Roper Technologies
Roper Technologies 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.
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