Nomura Asset Management Co. Ltd. grew its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 111,449 shares of the industrial products company’s stock after buying an additional 3,001 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.10% of Roper Technologies worth $49,609,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ROP. Johnson Investment Counsel Inc. boosted its stake in 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 valued at $80,933,000 after purchasing an additional 4,479 shares during the last quarter. ING Groep NV raised its holdings in shares of Roper Technologies by 175.7% during the third quarter. ING Groep NV now owns 118,749 shares of the industrial products company’s stock valued at $59,219,000 after purchasing an additional 75,675 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Roper Technologies by 2.2% during the third quarter. Principal Financial Group Inc. now owns 2,553,409 shares of the industrial products company’s stock valued at $1,273,387,000 after purchasing an additional 54,221 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $10,053,000. Finally, Machina Capital S.A.S. raised its holdings in shares of Roper Technologies by 344.7% during the third quarter. Machina Capital S.A.S. now owns 7,351 shares of the industrial products company’s stock valued at $3,666,000 after purchasing an additional 5,698 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Price Performance
Shares of ROP stock opened at $325.53 on Monday. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $576.49. The stock has a market cap of $32.85 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.48 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 company has a 50 day simple moving average of $345.25 and a two-hundred day simple moving average of $382.47.
Roper Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. Roper Technologies’s dividend payout ratio is 22.74%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Piper Sandler boosted their price objective 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. Weiss Ratings cut shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 11th. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Finally, Barclays decreased their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a report on Friday, April 24th. Two investment 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $472.07.
Read Our Latest Research Report on Roper Technologies
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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