Eventide Asset Management LLC raised its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,166 shares of the industrial products company’s stock after acquiring an additional 2,260 shares during the quarter. Roper Technologies makes up 1.3% of Eventide Asset Management LLC’s investment portfolio, making the stock its 17th largest position. Eventide Asset Management LLC owned approximately 0.17% of Roper Technologies worth $82,027,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Hutchens & Kramer Investment Management Group LLC increased its holdings in Roper Technologies by 2.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,003 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 23 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Roper Technologies by 1.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock valued at $1,115,000 after acquiring an additional 23 shares in the last quarter. Promus Capital LLC increased its holdings in Roper Technologies by 1.5% during the 3rd quarter. Promus Capital LLC now owns 1,640 shares of the industrial products company’s stock valued at $818,000 after acquiring an additional 25 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Roper Technologies by 5.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 460 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 25 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in Roper Technologies by 6.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 429 shares of the industrial products company’s stock valued at $223,000 after acquiring an additional 25 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Price Performance
Roper Technologies stock opened at $334.97 on Friday. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $575.77. The stock has a market capitalization of $33.81 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.53 and a beta of 0.77. The firm’s 50-day moving average is $341.99 and its two-hundred day moving average is $375.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49.
Roper Technologies Announces Dividend
The business also recently announced 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 of this dividend is Wednesday, July 8th. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on ROP shares. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. Piper Sandler raised their target price on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Barclays decreased their price target 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. Robert W. Baird raised their price target on shares of Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Hold” and a consensus price target of $472.07.
View Our Latest Stock Analysis on ROP
About Roper Technologies
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.
See Also
- Five stocks we like better than Roper Technologies
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
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.
