Swedbank AB raised its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,132,849 shares of the industrial products company’s stock after purchasing an additional 69,124 shares during the quarter. Swedbank AB’s holdings in Roper Technologies were worth $504,265,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Field & Main Bank bought a new stake in Roper Technologies in the 3rd quarter valued at about $25,000. Triumph Capital Management acquired a new position in shares of Roper Technologies in the 3rd quarter valued at approximately $25,000. Quent Capital LLC acquired a new position in shares of Roper Technologies in the 3rd quarter valued at approximately $37,000. Kelleher Financial Advisors acquired a new position in shares of Roper Technologies in the 3rd quarter valued at approximately $40,000. Finally, Board of the Pension Protection Fund acquired a new position in shares of Roper Technologies in the 4th quarter valued at approximately $36,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.4%
Roper Technologies stock opened at $356.56 on Wednesday. Roper Technologies, Inc. has a 1-year low of $313.07 and a 1-year high of $584.03. The firm has a market capitalization of $36.50 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.62 and a beta of 0.81. The firm’s fifty day moving average price is $354.25 and its two-hundred day moving average price is $400.34. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Monday, April 6th were given 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 of this dividend was Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Insider Buying and Selling at Roper Technologies
In other news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average cost of $358.46 per share, with a total value of $501,844.00. Following the completion of the transaction, the director directly owned 1,400 shares of the company’s stock, valued at approximately $501,844. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
ROP has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Melius Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price objective on the stock. in a research note on Tuesday, January 27th. Piper Sandler increased their target price on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Citigroup cut their target price on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, TD Cowen reissued a “buy” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $472.07.
Get Our Latest 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.
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