KBC Group NV raised its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 61.5% in the first quarter, HoldingsChannel reports. The firm owned 50,174 shares of the industrial products company’s stock after acquiring an additional 19,105 shares during the period. KBC Group NV’s holdings in Roper Technologies were worth $17,754,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $203,000. Empowered Funds LLC boosted its position in Roper Technologies by 11.7% during the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock worth $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 in the second quarter worth $137,000. Nebula Research & Development LLC acquired a new position in shares of Roper Technologies during the second quarter valued at $977,000. Finally, Sei Investments Co. raised its stake in shares of Roper Technologies by 22.6% during the second quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock valued at $34,928,000 after purchasing an additional 11,372 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Trading Down 3.3%
Roper Technologies stock opened at $350.69 on Wednesday. The firm has a market cap of $35.39 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $566.24. The firm’s 50 day moving average price is $338.21 and its two-hundred day moving average price is $355.68. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.91 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Analyst Ratings Changes
ROP has been the subject of a number of recent analyst reports. Mizuho set a $355.00 target price on shares of Roper Technologies in a research report on Tuesday. Royal Bank Of Canada raised their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Barclays dropped their target price on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Roper Technologies in a research note on Monday, June 8th. Finally, Piper Sandler lifted their price target on Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $466.50.
Get 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.
Featured Articles
- Five stocks we like better than Roper Technologies
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
