Applied Finance Capital Management LLC lifted its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 9.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,542 shares of the industrial products company’s stock after purchasing an additional 4,773 shares during the period. Roper Technologies makes up approximately 1.8% of Applied Finance Capital Management LLC’s holdings, making the stock its 14th biggest holding. Applied Finance Capital Management LLC’s holdings in Roper Technologies were worth $25,614,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in ROP. Vanguard Group Inc. raised its position in Roper Technologies by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock valued at $5,553,932,000 after purchasing an additional 1,384,656 shares during the period. JPMorgan Chase & Co. raised its position in Roper Technologies by 62.5% in the third quarter. JPMorgan Chase & Co. now owns 1,585,732 shares of the industrial products company’s stock valued at $790,789,000 after purchasing an additional 610,089 shares during the period. Flossbach Von Storch SE boosted its position in Roper Technologies by 130.3% in the 3rd quarter. Flossbach Von Storch SE now owns 896,161 shares of the industrial products company’s stock valued at $446,907,000 after buying an additional 507,083 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Roper Technologies by 131.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock valued at $374,416,000 after buying an additional 426,648 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in Roper Technologies in the 3rd quarter valued at about $200,009,000. 93.31% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Trading Up 0.9%
Roper Technologies stock opened at $320.90 on Friday. The firm has a 50 day simple moving average of $351.51 and a 200-day simple moving average of $391.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49. The stock has a market capitalization of $32.38 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.45 and a beta of 0.81. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $584.03.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Monday, April 6th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a research report on Wednesday, January 28th. Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Stifel Nicolaus reissued a “hold” rating and issued a $385.00 price objective (down from $550.00) on shares of Roper Technologies in a research report on Tuesday, January 27th. TD Cowen reissued a “buy” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Finally, Barclays reduced their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $472.07.
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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