Marks Group Wealth Management Inc reduced its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 45.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,291 shares of the industrial products company’s stock after selling 6,926 shares during the period. Marks Group Wealth Management Inc’s holdings in Roper Technologies were worth $3,691,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ROP. Triumph Capital Management acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new stake in Roper Technologies during the 4th quarter worth approximately $33,000. Board of the Pension Protection Fund acquired a new stake in Roper Technologies during the 4th quarter worth approximately $36,000. Kelleher Financial Advisors acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $40,000. Finally, DT Investment Partners LLC acquired a new stake in Roper Technologies during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP opened at $333.75 on Tuesday. The business’s 50 day moving average is $343.37 and its two-hundred day moving average is $377.73. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $576.49. The firm has a market cap of $33.68 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.51 and a beta of 0.77. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.52.
Roper Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s payout ratio is currently 22.74%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada increased their target price on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Barclays dropped their target price on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. 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 report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $472.07.
Check Out Our Latest Stock 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.
Featured Articles
- Five stocks we like better than Roper Technologies
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
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.
