Aureus Asset Management LLC trimmed its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 80.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,025 shares of the industrial products company’s stock after selling 40,413 shares during the period. Aureus Asset Management LLC’s holdings in Roper Technologies were worth $4,462,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in ROP. Brighton Jones LLC bought a new stake in Roper Technologies in the 4th quarter worth about $203,000. Empowered Funds LLC grew its position in shares of Roper Technologies by 11.7% during the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after acquiring an additional 326 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $137,000. Nebula Research & Development LLC bought a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $977,000. Finally, Sei Investments Co. grew its position in shares of Roper Technologies by 22.6% during the 2nd quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock valued at $34,928,000 after acquiring an additional 11,372 shares during the period. 93.31% of the stock is owned by institutional investors.
Roper Technologies Stock Performance
Shares of ROP stock opened at $329.97 on Thursday. The stock has a market capitalization of $33.30 billion, a P/E ratio of 20.61, a PEG ratio of 1.54 and a beta of 0.77. 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’s 50 day moving average is $340.46 and its 200 day moving average is $372.30. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $575.77.
Roper Technologies Dividend Announcement
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 Ratings Changes
A number of research analysts have recently weighed in on ROP shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Barclays reduced 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. Robert W. Baird increased their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Piper Sandler increased their target price on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $472.07.
Read Our Latest Stock Report on ROP
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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