ZWJ Investment Counsel Inc. raised its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 2.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 73,561 shares of the industrial products company’s stock after acquiring an additional 1,576 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Roper Technologies were worth $32,744,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Johnson Investment Counsel Inc. grew its holdings in shares of Roper Technologies by 2.8% in the third quarter. Johnson Investment Counsel Inc. now owns 162,291 shares of the industrial products company’s stock valued at $80,933,000 after purchasing an additional 4,479 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Roper Technologies by 36.5% during the third quarter. Stephens Inc. AR now owns 14,117 shares of the industrial products company’s stock valued at $7,040,000 after buying an additional 3,773 shares during the period. ING Groep NV boosted its holdings in Roper Technologies by 175.7% during the 3rd quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock valued at $59,219,000 after acquiring an additional 75,675 shares during the period. Principal Financial Group Inc. boosted its position in Roper Technologies by 2.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock valued at $1,273,387,000 after buying an additional 54,221 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Roper Technologies in the 3rd quarter valued at about $10,053,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
ROP opened at $354.00 on Wednesday. Roper Technologies, Inc. has a 12-month low of $313.07 and a 12-month high of $584.03. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $36.24 billion, a PE ratio of 24.93, a P/E/G ratio of 1.70 and a beta of 0.89. The firm has a 50 day moving average of $348.65 and a two-hundred day moving average of $413.89.
Roper Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be paid a dividend of $0.91 per share. The ex-dividend date is Monday, April 6th. 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 presently 25.63%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ROP. Citigroup lowered their price target on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Robert W. Baird set a $550.00 price objective on shares of Roper Technologies in a research report on Wednesday, January 28th. The Goldman Sachs Group decreased their price target on shares of Roper Technologies from $507.00 to $440.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Truist Financial decreased their price target on shares of Roper Technologies from $650.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $385.00 price target (down from $550.00) on shares of Roper Technologies in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $476.60.
Check Out Our Latest Stock Report on Roper Technologies
Insider Buying and Selling at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of Roper Technologies stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the purchase, the director owned 1,400 shares of the company’s stock, valued at approximately $501,844. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.
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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