Glenview Trust Co decreased its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 8.6% in the first quarter, Holdings Channel.com reports. The firm owned 29,537 shares of the industrial products company’s stock after selling 2,790 shares during the quarter. Glenview Trust Co’s holdings in Roper Technologies were worth $10,452,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ROP. Triumph Capital Management purchased a new stake in shares of Roper Technologies in the 3rd quarter worth about $25,000. Private Wealth Management Group LLC increased its stake in shares of Roper Technologies by 195.8% in the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $33,000. Global Assets Advisory LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $36,000. Finally, Kelleher Financial Advisors bought a new stake in Roper Technologies during the third quarter worth about $40,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP stock opened at $362.84 on Tuesday. The company has a market capitalization of $36.62 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $566.24. The company’s 50-day moving average is $337.67 and its 200 day moving average is $356.34.
Roper Technologies Dividend Announcement
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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s payout ratio is presently 22.74%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on ROP shares. Zacks Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Robert W. Baird upped their price target on Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Barclays reduced their price objective on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Finally, Royal Bank Of Canada lifted their price objective on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Roper Technologies has an average rating of “Hold” and a consensus target price of $467.12.
Read 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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