Kennedy Capital Management LLC decreased its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 31.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,924 shares of the industrial products company’s stock after selling 4,501 shares during the period. Kennedy Capital Management LLC’s holdings in Roper Technologies were worth $4,417,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of ROP. Norges Bank acquired a new position in shares of Roper Technologies in the fourth quarter worth $1,112,873,000. Vanguard Group Inc. lifted its position 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 worth $5,553,932,000 after purchasing an additional 1,384,656 shares during the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in shares of Roper Technologies during the 4th quarter worth $367,567,000. JPMorgan Chase & Co. lifted its position in shares of 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 worth $790,789,000 after purchasing an additional 610,089 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of 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 worth $374,416,000 after purchasing an additional 426,648 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Trading Down 0.8%
NASDAQ ROP opened at $332.45 on Tuesday. 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 firm has a market cap of $33.55 billion, a PE ratio of 20.77, a P/E/G ratio of 1.53 and a beta of 0.77. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $575.77. The firm’s fifty day moving average is $341.48 and its two-hundred day moving average is $373.89.
Roper Technologies Announces Dividend
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.1%. Roper Technologies’s payout ratio is currently 22.74%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Barclays decreased their price objective 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. Piper Sandler lifted their price objective 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 lifted their price objective 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. Robert W. Baird lifted their price objective 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. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Hold” and a consensus target price of $472.07.
Get Our Latest Stock Report on Roper Technologies
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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