Massachusetts Financial Services Co. MA grew its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 28.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,374 shares of the industrial products company’s stock after purchasing an additional 15,821 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Roper Technologies were worth $32,216,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Roper Technologies by 9.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,458 shares of the industrial products company’s stock worth $649,000 after buying an additional 123 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Roper Technologies by 10.1% during the 4th quarter. Apollon Wealth Management LLC now owns 6,950 shares of the industrial products company’s stock worth $3,094,000 after buying an additional 638 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in Roper Technologies by 6.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 143,659 shares of the industrial products company’s stock valued at $63,947,000 after purchasing an additional 8,200 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new stake in Roper Technologies in the 4th quarter valued at $606,000. Finally, Quotient Wealth Partners LLC increased its holdings in Roper Technologies by 6.6% in the 4th quarter. Quotient Wealth Partners LLC now owns 662 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 41 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
ROP opened at $358.09 on Thursday. The business’s 50 day moving average is $348.62 and its 200-day moving average is $413.50. The stock has a market cap of $36.66 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.69 and a beta of 0.89. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43. Roper Technologies, Inc. has a twelve month low of $313.07 and a twelve month high of $584.03.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is currently 25.63%.
Wall Street Analyst Weigh In
ROP has been the subject of a number of recent analyst reports. 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 research report on Thursday, January 29th. Royal Bank Of Canada dropped their price target on Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. Mizuho dropped their price target on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 28th. JPMorgan Chase & Co. dropped their price target on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 28th. Finally, Melius Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target on the stock. in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $476.60.
View Our Latest Stock Analysis on ROP
Insider Activity at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the purchase, the director directly owned 1,400 shares of the company’s stock, valued at $501,844. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.
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
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