Northwestern Mutual Wealth Management Co. lessened its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 40.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,207 shares of the industrial products company’s stock after selling 4,980 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Roper Technologies were worth $3,208,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ROP. Brighton Jones LLC purchased a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $203,000. Empowered Funds LLC boosted its stake in shares of Roper Technologies by 11.7% during the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after purchasing an additional 326 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of Roper Technologies during the second quarter valued at approximately $137,000. Nebula Research & Development LLC purchased a new stake in shares of Roper Technologies during the second quarter valued at approximately $977,000. Finally, Sei Investments Co. lifted its stake in Roper Technologies by 22.6% in the second quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock worth $34,928,000 after acquiring an additional 11,372 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP stock opened at $326.94 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $32.99 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.49 and a beta of 0.81. The stock has a fifty day moving average of $347.74 and a 200 day moving average of $386.03. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $576.55.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $3.64 annualized dividend and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Wall Street Analyst Weigh In
A number of analysts recently commented on ROP shares. Oppenheimer reaffirmed a “market perform” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Barclays dropped their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. Mizuho dropped their price target on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating for the company in a research note on Wednesday, January 28th. JPMorgan Chase & Co. dropped their price target on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group dropped their price target on Roper Technologies from $507.00 to $440.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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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