Sivia Capital Partners LLC boosted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 470.6% during the fourth quarter, Holdings Channel reports. The firm owned 3,007 shares of the industrial products company’s stock after acquiring an additional 2,480 shares during the quarter. Sivia Capital Partners LLC’s holdings in Roper Technologies were worth $1,339,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ROP. Johnson Investment Counsel Inc. grew its holdings in shares of Roper Technologies by 2.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 162,291 shares of the industrial products company’s stock worth $80,933,000 after acquiring an additional 4,479 shares during the period. ING Groep NV grew its holdings in shares of Roper Technologies by 175.7% during the 3rd quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock worth $59,219,000 after acquiring an additional 75,675 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Roper Technologies during the 3rd quarter worth approximately $10,053,000. Machina Capital S.A.S. grew its holdings in shares of Roper Technologies by 344.7% during the 3rd quarter. Machina Capital S.A.S. now owns 7,351 shares of the industrial products company’s stock worth $3,666,000 after acquiring an additional 5,698 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Roper Technologies by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 525,245 shares of the industrial products company’s stock worth $261,945,000 after acquiring an additional 30,819 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 opened at $331.70 on Thursday. 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 business’s 50 day moving average price is $344.29 and its 200-day moving average price is $380.12. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $576.49. The stock has a market cap of $33.48 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.53 and a beta of 0.77.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s payout ratio is currently 22.74%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Robert W. Baird upped their target price on Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Weiss Ratings downgraded Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Zacks Research upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Barclays reduced 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. 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.com, Roper Technologies has a consensus rating of “Hold” and an average target price of $472.07.
Read Our Latest Stock Analysis on ROP
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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