WINTON GROUP Ltd grew its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 714.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,194 shares of the industrial products company’s stock after acquiring an additional 11,574 shares during the quarter. WINTON GROUP Ltd’s holdings in Roper Technologies were worth $5,873,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of ROP. Brighton Jones LLC purchased a new position in Roper Technologies during the fourth quarter worth $203,000. Empowered Funds LLC increased its position in Roper Technologies by 11.7% during the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock worth $1,832,000 after buying an additional 326 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in Roper Technologies during the second quarter worth $137,000. Nebula Research & Development LLC purchased a new position in Roper Technologies during the second quarter worth $977,000. Finally, Sei Investments Co. increased its position in Roper Technologies by 22.6% during the second quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company’s stock worth $34,928,000 after buying an additional 11,372 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of Roper Technologies stock opened at $332.18 on Friday. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $576.49. The stock has a market capitalization of $33.52 billion, a P/E ratio of 20.75, a PEG ratio of 1.51 and a beta of 0.77. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average price is $343.71 and its 200 day moving average price is $378.97.
Roper Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s payout ratio is currently 22.74%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Zacks Research raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Piper Sandler lifted their price objective on Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Robert W. Baird lifted their price objective on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Barclays lowered their price objective on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Finally, Royal Bank Of Canada lifted their price objective on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $472.07.
Get Our Latest Research Report on Roper Technologies
Roper Technologies 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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