Sands Capital Management LLC reduced its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 287,318 shares of the industrial products company’s stock after selling 64,457 shares during the period. Sands Capital Management LLC owned about 0.27% of Roper Technologies worth $127,894,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Triumph Capital Management bought a new position in Roper Technologies in the 3rd quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $33,000. Board of the Pension Protection Fund acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $36,000. Kelleher Financial Advisors acquired a new stake in Roper Technologies in the third quarter valued at approximately $40,000. Finally, DT Investment Partners LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $46,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Price Performance
NASDAQ:ROP opened at $334.97 on Monday. The firm’s 50 day simple moving average is $341.99 and its 200 day simple moving average is $374.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $575.77. The company has a market cap of $33.81 billion, a PE ratio of 20.92, a P/E/G ratio of 1.53 and a beta of 0.77.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a dividend of $0.91 per share. 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 (DPR) is presently 22.74%.
Analysts Set New Price Targets
A number of brokerages have weighed in on ROP. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Barclays cut their target price on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research report on Friday, April 24th. Royal Bank Of Canada raised their target price on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Robert W. Baird raised 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. Finally, Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Two equities 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $472.07.
View Our Latest Stock Analysis on Roper Technologies
Roper Technologies Company 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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