Waterloo Capital L.P. reduced its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 66.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the industrial products company’s stock after selling 2,553 shares during the period. Waterloo Capital L.P.’s holdings in Roper Technologies were worth $579,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Hutchens & Kramer Investment Management Group LLC grew its stake in shares of Roper Technologies by 2.3% in the fourth 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. grew its stake in Roper Technologies by 1.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock worth $1,115,000 after buying an additional 23 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in Roper Technologies by 36.8% during the third quarter. Cornerstone Planning Group LLC now owns 93 shares of the industrial products company’s stock worth $46,000 after buying an additional 25 shares in the last quarter. Promus Capital LLC grew its stake in Roper Technologies by 1.5% during the third quarter. Promus Capital LLC now owns 1,640 shares of the industrial products company’s stock worth $818,000 after buying an additional 25 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in Roper Technologies by 5.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 460 shares of the industrial products company’s stock worth $205,000 after buying an additional 25 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Stock Up 5.8%
NASDAQ:ROP opened at $344.25 on Tuesday. The firm’s 50 day simple moving average is $345.07 and its 200 day simple moving average is $381.78. 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, Inc. has a one year low of $305.96 and a one year high of $576.49. The company has a market cap of $34.74 billion, a PE ratio of 21.50, a P/E/G ratio of 1.48 and a beta of 0.77.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 annualized dividend and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on ROP shares. Weiss Ratings downgraded shares of Roper Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Piper Sandler raised their price target on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Barclays reduced 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. Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Robert W. Baird raised their price target on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Two 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Hold” and an average price target of $472.07.
View Our Latest Stock Analysis 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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